The Security Service of Ukraine (SBU) is shutting down cryptocurrency exchanges that have illegal network one by one.
Ukraine has been working on the legalization of cryptocurrencies for about a year. In the past days, they have prepared a new law on the issue of making payments via crypto money has been on the agenda.
Trying to embrace the cryptocurrency world in a “regulated” way, Ukraine has been shutting down illegally operating cryptocurrency exchanges since the beginning of 2021.
Covert Cryptocurrency Exchanges Are Shutting Down in Ukraine!
According to the statement made by the Security Service of Ukraine (SBU), the network of crypto money exchanges operating in a “covert/informal” manner was located in the capital of the country, Kiev. In connection with criminal activity, the network had a monthly turnover of $1.1 million, according to the statement.
In the service announcement, he addressed the risk that illegally operating cryptocurrency exchanges could serve the black economy through activities such as money laundering.
However, the Security Service of Ukraine also talked about trafficking funds through these platforms to organize nationwide protests. According to the Security Service of Ukraine, these illegal funds came from e-wallets linked to banned Russian payment processors such as Qiwi, WebMoney and Yandex.
From PlayStation 4 Consoles to Mining Devices!
It reported computers were containing evidence of suspected illegal activity and forged establishment documents for companies that recovered during raids on cryptocurrency exchanges.
However, a “warehouse” facility suspected due to diverting electricity to cryptocurrency mining devices using PlayStation 4 consoles.
However, research shows that the facility is not a cryptocurrency mining facility, but a facility uses to produce in-game currency.