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EU Takes Unprecedented Step: Sanctions Crypto Exchange Garantex. Is Best Wallet Token the Best Crypto to Buy?

  • The European Union has sanctioned Russian cryptocurrency exchange Garantex, citing its close ties to sanctioned Russian banks and its role in facilitating activities that threaten global financial stability.
  • This is the first time the EU has sanctioned a crypto exchange, marking a historic step in international efforts to combat illicit financial flows from Garantex. The sanctions include asset-freeze restrictions and prohibition of engagement in transactions with the exchange.
  • The sanctions will restrict investor access to their funds, diminish trading capacity, and severely disrupt Garantex's operations, undermining its ability to operate.
  • Non-custodial wallets like Best Wallet, along with their native token $BEST, offer a solution to mitigate risks associated with crypto trading. Best Wallet prioritizes security, uses advanced cryptographic techniques, and offers a 147% APY, making it an attractive option for investors.

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