Key facts
- Russia's Federal Security Service (FSB) raided nine unregistered cryptocurrency exchanges in Moscow.
- Over 20 employees were detained during the Russian raids.
- Russian authorities allege the exchanges facilitated illicit fund transfers abroad.
- The illicit transfers are linked to Ukrainian call center scams.
- Japan's Financial Services Agency and National Police Agency requested crypto exchanges implement safeguards.
- Withdrawal delays are among the requested safeguards in Japan.
- The measures in Japan aim to combat digital asset scams and misuse of exchange accounts.
Russian authorities, specifically the Federal Security Service (FSB), have conducted raids on nine unregistered cryptocurrency exchanges operating within Moscow. During these operations, over 20 employees were detained. The FSB alleges that these exchanges were instrumental in moving illicit funds out of the country. These illicit transfers are reportedly connected to call center scams originating from Ukraine.
In a separate development concerning cryptocurrency regulation and crime prevention, Japan's Financial Services Agency (FSA) and the National Police Agency have issued requests to cryptocurrency exchanges. These agencies are asking exchanges to implement safeguards, including withdrawal delays, to combat the rise of sophisticated digital asset scams. The measures are also intended to prevent the misuse of exchange accounts by criminals.