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Russia Busts Nine Unlicensed Crypto Exchanges in Moscow
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Russia’s Federal Security Service said on August 7, 2026, it detained more than 20 people running nine unregistered crypto exchange desks in Moscow City’s Federation Vostok tower.
Key TakeawaysThe FSB and Russia’s Interior Ministry raided crypto exchange offices operating inside the Federation Vostok tower, one of Moscow City’s best-known skyscrapers.
A new law passed by the State Duma requires every Russian crypto exchange to join a state registry, with a phased rollout into 2027.
Russia declared WhiteBit, a Ukrainian-founded crypto exchange, an undesirable organization earlier this year, accusing firms like it of funding Ukraine’s war effort.
The state moved from banning most crypto payments to legalizing Bitcoin mining and permitting certain cross-border crypto transactions for sanctioned trade.