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Russia’s FSB Shuts 9 Unregistered Crypto Exchanges in Moscow Fraud Bust
['Julie Binoche']
The Currency analytics
Under Russian law, that charge carries a maximum penalty of 10 years in prison.
Unregistered crypto exchanges have been a persistent problem in Russia and across much of Eastern Europe.
The maximum 10-year sentence applies to large-scale fraud under Russian law, but sentencing outcomes will depend on individual roles within the network.
Frequently Asked Questions How many crypto exchanges did Russia’s FSB shut down in the Moscow operation?
The FSB shut down nine unregistered crypto exchanges in Moscow, conducting raids at the Moscow International Business Center and detaining more than 20 employees.