The Russian cryptocurrency exchange Garantex has undergone a rebranding and is now operating under the name Grinex. This change follows the exchange being shuttered earlier due to regulatory issues. Garantex was previously noted for its operations in Russia, and the rebranding aims to pivot its identity and operations in the global market. While the reasons for the rebranding and future plans of Grinex are not explicitly detailed, it is part of a strategy to perhaps regain market trust and expand its reach beyond the Russian market. The development is notable in the context of increasing scrutiny and regulation surrounding cryptocurrency exchanges, particularly those originating from Russia. With the crypto landscape evolving, the move reflects a broader trend of exchanges seeking to adapt to regulatory demands and improve their operational frameworks for better compliance and market positioning.

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