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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/united-states-and-united-kingdom-probe-russian-crypto-trading-platform-garantex" rel="noopener noreferrer nofollow">United States and United Kingdom Probe Russian Crypto Trading Platform Garantex</a><br></p>
<p style="text-align: justify">The United States and the United Kingdom have embarked on a joint investigation of Garantex, a cryptocurrency exchange headquartered in Russia, amidst concerns over $20 billion in crypto transactions. These transactions are notable for their timing, occurring after the imposition of sanctions on the exchange by the US and other nations in 2022. The inquiry focuses on the role of Garantex in potentially circumventing international sanctions, given its link to the ongoing conflict between Ukraine and Russia.</p>
<h2 id="investigation-targets-sanctioned-exchange-activities">Investigation Targets Sanctioned Exchange Activities</h2>
<p style="text-align: justify">The probe is analyzing a series of transactions executed in <a href="https://en.bitcoinhaber.net/stablecoin-market-rallies-with-record-high-usdt-valuation" rel="noopener noreferrer nofollow">Tether</a> (<a href="https://en.bitcoinhaber.net/the-tides-of-crypto-are-traditional-banks-set-to-dominate-the-stablecoin-market" rel="noopener noreferrer nofollow">USDT</a>), questioning their legality and intent. The size and nature of these dealings suggest a potential link to the geopolitical tensions arising from the war in Ukraine, thereby attracting scrutiny from the US and UK authorities.</p>
<h2 id="bitcoin-s-market-movements-under-spotlight">Bitcoin’s Market Movements Under Spotlight</h2>
<p style="text-align: justify">Simultaneously, market participants are keenly observing the price movements of <a href="https://en.bitcoinhaber.net/bitcoins-rally-continues-watch-these-critical-price-markers" rel="noopener noreferrer nofollow">Bitcoin</a>, which has seen a surge to levels around $71,000. This recent uptick in Bitcoin’s value coincides with comments from Blackrock CEO Larry Fink that have stirred the market, leading to a 1% increase in Bitcoin’s market capitalization and an 18% rise in its 24-hour trading volume. The growing investor interest and trading activity in Bitcoin indicate a bullish sentiment among market players.</p>
<p style="text-align: justify">While the investigation into Garantex continues, the crypto community is also tracking the performance of Bitcoin, which is trading at $70,913, closing in on a market cap of $1.4 trillion. The outcomes of the inquiry and the market’s response to geopolitical events will remain areas of focus for industry watchers.</p>
<p style="text-align: justify">The heightened trading volume reflects a broader engagement from investors, suggesting that the market is reacting to global events and executive insights with increased trading vigor.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/united-states-and-united-kingdom-probe-russian-crypto-trading-platform-garantex" rel="noopener noreferrer nofollow">United States and United Kingdom Probe Russian Crypto Trading Platform Garantex</a></h5>

United States and United Kingdom Probe Russian Crypto Trading Platform Garantex

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