The DOJ has filed criminal charges in Brooklyn federal court against New York-based Russian crypto startup founder Iurii Gugnin. He was accused of laundering over $500m in payments made on behalf of foreign customers linked to sanctioned Russian financial institutions such as Sberbank, VTB, Sovcombank, and Tinkoff, and distributors with
Russian crypto payments founder charged with sanctions evasion
The case highlights the urgent need for stablecoin regulation.