Ukraine’s Security Service Closes Illegal Cryptocurrency Exchanges
Ukrainian authorities have allegedly reported that cryptocurrency exchanges are involved in illicit financial activities, including money laundering. Ukraine’s Security Service, known as SBU, has closed down various crypto exchanges reported to have transacted illegally since early 2021. The SBU, in a Wednesday statement, referred to cryptocurrency exchanges as the network of ‘clandestine’- known for their illicit transactions. They added that the clandestine cryptocurrency exchanges network was situated in Kyiv, the county’s capital. They unitedly processed a turnover of....
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Ukrainian authorities say the crypto exchanges were involved in money laundering and other illicit financial activities. Security Service of Ukraine (SBU) has shut down several crypto exchanges reportedly involved in illegal financial transactions since the start of 2021.According to a statement by the SBU on Wednesday, the network of “clandestine cryptocurrency exchanges” were based in the country’s capital Kyiv and collectively processed a monthly turnover of $1.1 million in funds linked to criminal activity.The SBU’s announcement claimed that the illegal crypto exchanges provided....
Law enforcement authorities in Kyrgyzstan have confiscated thousands of crypto mining machines as part of a new offensive against illegal cryptocurrency mining in the country. Investigators have also identified industrial enterprises that have been supplying the bitcoin farms with electricity. Security Service Conducts Operation Against Illegal Mining in Kyrgyzstan The State Committee for National Security (GKNB), Kyrgyzstan’s organized crime-fighting agency, has recently found and raided a number of facilities mining cryptocurrency outside the law. The special operation has been....
Ukraine’s main law enforcement agency has busted an illegal facility mining cryptocurrencies in the Kharkiv region. The operators of the crypto farm have been minting coins using large amounts of stolen electricity, threatening energy supply to critical infrastructure, the agency said. Illegal Mining Farm Discovered in War-Torn Kharkiv Region Officers from the Security Service of Ukraine (SBU) have discovered and closed down an underground crypto mining center in the eastern region of Kharkiv, the scene of military hostilities between the Ukrainian army and invading Russian forces.....
Ukraine’s strategic path to Bitcoin adoption would likely include nuclear-powered mining, and holding Bitcoin as a state reserve asset.
The measure comes along with a proposed ban on advertising of non-licensed crypto services. Russia's Federal Security Service (FSB) and the Ministry of Internal Affairs (MVD) have submitted their review notes on the forthcoming “crypto bill,” developed by the country's Finance Ministry. Law enforcement agencies push for requiring crypto firms to share transaction data with investigators and for clarifying the terms on which digital assets can be seized. On April 28, local newspaper Izvestia reported on the content of the review notes that the security service and police ministry filed to....