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Russia raided cryptocurrency exchange offices in Moscow.
Russian law enforcement agencies are raiding cryptocurrency exchange offices in the Moscow City center, seizing cash, documents, and equipment. The operation is related to an investigation into allegations of illegal money transfers abroad, particularly to Dubai (UAE).
According to Baza, over 10 million USD, 100 million rubles, and 200,000 euros have been seized, while many assets on Chinese exchanges have also been frozen. The exchanges Rapira and Mosca are targeted, but Rapira denies any connection to Dubai. Baza emphasizes that this is just an investigation procedure, not a criminal case yet, but there is a possibility that officials are involved.
Earlier, at the end of 2024, Russia launched a series of campaigns targeting exchanges, prosecuting more than 90 people for illegal banking and money laundering, with funds exceeding 112 billion rubles. New regulations from the Central Bank of Russia have been criticized for tightening cryptocurrency transactions.