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After Its New Crypto Law, Russia Shuts Down Nine Platforms

After Its New Crypto Law, Russia Shuts Down Nine Platforms


8h05 ▪
4
min read ▪ by
Ghiles A.

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After its new law on cryptocurrencies, Russia tightens its control on unregistered platforms. In Moscow, the FSB conducted raids on nine exchange platforms suspected of laundering funds from scams. More than 20 employees were arrested during this operation. According to authorities, these structures converted money stolen from Russian victims into crypto-assets before transferring it to accounts linked to Ukrainian intermediaries.

Illustration showing Russia shutting down nine crypto platforms in Moscow, with Bitcoin, Ethereum and other cryptocurrency screens locked.Illustration showing Russia shutting down nine crypto platforms in Moscow, with Bitcoin, Ethereum and other cryptocurrency screens locked.

In brief

  • Russia shuts down…

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