Russia cracks down on 9 crypto exchanges in Moscow City

Russia has shut down nine unregistered crypto exchanges in Moscow City. The FSB alleges these platforms were used to move scam proceeds abroad through Ukrainian call centers. This crackdown highlights increasing regulatory scrutiny and the government's efforts to disrupt illicit financial networks. By targeting these unregistered entities, Russian authorities aim to stop the flow of fraudulent funds, reflecting a broader push to regulate the digital asset landscape and eliminate illegal financial operations within the capital.