Russian crypto exchanger Mosca raided amid cash-to-crypto ban talks

On April 23, law enforcement raided Mosca due to alleged financial fraud conspired by a customer. The head of development, Dmitry Titarenko, stated that they are enhancing their compliance measures, including Anti-Money Laundering regulations.

Evgeny Masharov’s proposal aims to stop cash-to-crypto transactions, with concerns voiced that scammers exploit crypto exchanges to profit from fraudulent activities. This significant development could shape future regulations facing the Russian crypto market.

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