All crypto exchanges suspended in Moscow City
By ForGeeks
All cryptocurrency exchanges in the international business center “Moscow City” stopped working after raids by law enforcers. This was reported by the Baza telegram channel on September 30, citing sources close to law enforcement agencies. Secondly, the Moscow City International Business Center has been shut down after the raids by law enforcers. According to Baza, law enforcement officers have repeatedly visited Rapira and Mosca money exchangers in recent weeks. Large amounts of cash have been seized from the operators, which has caused concern for other service owners in Moscow City. The inspections are connected with suspicions of illegal withdrawal of funds abroad, in particular to Dubai. After the raids, all crypto exchanges in the business center disabled the ability to deposit and withdraw funds offline. Representatives of the services said they intend to resume operations and re-engage with customers as soon as it is possible to return to standard service. After the raids, all crypto exchanges in the business center shut down the ability to deposit and withdraw funds offline. Earlier, the official representative of the Russian Interior Ministry Irina Volk reported the closure of one of the cryptocurrency exchange offices in Moscow City. According to the agency, it was operating under the guise of a travel company.
Causes and consequences of the inspections
Law enforcement response
