Moscow Police Shut Down Cryptocurrency Exchange Disguised As Travel Agency

According to BlockBeats, Moscow police have conducted a raid and shut down a cryptocurrency exchange platform that was operating under the guise of a travel agency. The platform is accused of facilitating the transfer of funds abroad, with transactions amounting to approximately $2.2 million. The Russian Ministry of Internal Affairs reported that the platform was engaged in 'illegal banking activities' and charged a 1% commission to clients who wanted to transfer cash to overseas crypto wallets. Agents from the Russian Ministry of Internal Affairs carried out the raid on the platform's office. Photos released show officials inspecting bundles of U.S. dollars, receipts, and computer equipment. The police have stated that their investigation is ongoing as they seek to identify additional 'accomplices.'