Russia cracks down on 9 crypto exchanges in Moscow City
60-second summary
Russia is cracking down on nine unregistered crypto exchanges in Moscow City, shutting them down with the FSB alleging these exchanges helped move scam proceeds abroad through Ukrainian call centers. The FSB is taking a tough stance on unregulated exchanges, highlighting growing concerns about illicit activities in the Russian crypto market and its potential impact on global financial stability.
Russia has shut down nine unregistered crypto exchanges in Moscow, with the FSB alleging they helped move scam proceeds abroad through Ukrainian call centers.