🚨 **Crypto Alert!** 🚨

Blockchain analysts at Chainalysis warn that Russia may use domestic crypto exchanges like Garantex to evade sanctions under new legislation. Garantex, which has processed nearly $100B since 2018, offers deep liquidity across major blockchains, making it a potential tool for Russia's cross-border trade amid financial restrictions.

🔍 Key Points:

- Garantex's large transaction volume could be leveraged for sanctions evasion.

- Exved, another exchange, has ties to Garantex and former KGB officer Alexander Lebedev.

- New Russian laws legalize Bitcoin mining and crypto trading, possibly as a sanctions workaround.

What are your thoughts on this evolving situation? Share in the comments! 💬

Read more: Russia nears crypto exchange trials to bypass sanctions: report