Finland: United States, Germany and Finland investigation into Garantex cryptocurrency exchange operations and related financial services
Progress
Current status
in force
06 Mar 2025 in force
Scope
Implementers
Finland
Germany
United States of America
Policy Area
Authorisation, registration and licensing
Policy Instrument
Prohibition of goods and services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
United States, Germany and Finland seize Garantex operations concerning the prevention of illegal transactions
On 6 March 2025, a joint operation was conducted by the United States, Germany, and Finland with the objective of disrupting and seizing the online infrastructure of Garantex, a Moscow-based cryptocurrency exchange accused of facilitating money laun…
SourceEvent type
investigation
Action type
ruling
Government branch
executive
Government body
other regulatory body