
Sanctioned Russian Crypto Payment Processor Garantex Still In Business!
Russian crypto payment processor Garantex lost its Estonian crypto license in March 2022 due to money laundering activities and was placed on the U.S. sanctions list last April. Customers still sign the user agreement with Estonian Garantex Europe OÜ (now Kihonzi Buzhaga OÜ), but the website now gives an address in Moscow City as its official headquarters. With the Russian oligarch Alexander Lebedev, Garantex founder Sergey Mendeleev established the Russian InDeFi SmartBank.