Russia shuts down nine unregistered crypto exchanges in Moscow

Moscow authorities have ordered the closure of nine cryptocurrency exchanges that were operating without registration, the Federal Security Service (FSB) said on Tuesday. The FSB alleges the platforms facilitated the transfer of funds obtained through scams to foreign accounts, routing the money through call centres based in Ukraine. The crackdown is part of a broader effort by Russian regulators to tighten oversight of digital asset services and curb illicit financial flows. No further details on the exchanges' identities or the scale of the alleged transfers were disclosed.