Moscow Unregistered Crypto Exchanges Shut Down Over Scams and Money Laundering

Russian authorities have closed nine unregistered cryptocurrency exchanges in Moscow, claiming they were involved in scams and money laundering.

The closures were carried out by the Federal Security Service (FSB) of Russia, which stated that these exchanges did not comply with Russian regulations on cryptocurrencies.

The FSB did not provide further details on the specific activities or transactions that led to the closure of these exchanges.