Authorities Raid Moscow's Gorbushka Shopping Center Over Cryptocurrency Exchanges

Moscow authorities conducted raids at the 'Gorbushka' shopping center on August 13 as part of an investigation into cryptocurrency exchanges.

According to eyewitnesses, law enforcement seized cash, documents, and equipment during the operation.

Bogdan Ageev, owner of the Ageev Finance exchange located at 'Gorbushka,' stated that authorities were conducting investigative activities at the Rubin Business Center.

Ageev said that his business was not affected as it is already in the process of legalization and noted that the raids may be related to the upcoming implementation of new cryptocurrency laws in Russia, which will come into effect after September 1.