Ukraine's state security shuts down illegal crypto exchanges

Ukraine's state security shuts down illegal crypto exchanges

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....


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