Currency Exchanges | ForkLog

ForkLog 14 23.10.2024

How to launch a crypto exchange from scratch, according to Eqwali

Building a cryptocurrency exchange or swap service is a complex undertaking that involves assembling a team, working with regulators and developing software: wallets, trading engines and KYC services. The technical stack can be simplified with ready-made WL solutions. Together with the vice-president of the Estonian company Eqwali, Vyacheslav Khashchevoi, we explain how to integrate digital […]

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ForkLog 12 04.10.2024

Cryptex Exchange Defendants Placed Under House Arrest

The Zamoskvoretsky District Court of Moscow has imposed pre-trial restrictions on three individuals accused in the case involving the criminal network of the cryptocurrency exchange Cryptex and the anonymous payment system UAPS. At the request of the investigative authorities, the alleged mastermind of the scheme, Alexander Tereshchenko, along with two accomplices, Ruslan and Roman Orekhovsky, […]

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ForkLog 6 02.10.2024

Extensive Raids Uncover Illegal Bitcoin Exchanges in St. Petersburg

Officers from the Economic Crime Department of the St. Petersburg police are conducting searches at 80 locations linked to a network of illegal cryptocurrency exchanges. This was reported by 47news, citing sources. According to the publication, investigative actions in the city and region commenced at 6:00 AM on October 2, under the direction of Russian […]

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ForkLog 16 01.10.2024

Kazakhstan Shuts Down 19 Bitcoin Exchanges with Over $60 Million Turnover

Since the beginning of 2024, special units of Kazakhstan’s AFM have dismantled 19 cryptocurrency exchanges with a turnover exceeding $60 million. Representatives of the agency reported this during a meeting of the Council of Heads of Financial Intelligence Units (CHFIU). As part of the investigation, law enforcement froze digital assets valued at $1.2 million. During […]

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ForkLog 10 26.09.2024

US Sanctions Target Bitcoin Exchange PM2BTC and Cryptex Platform

On September 26, OFAC added the cryptocurrency exchange PM2BTC, the Cryptex platform, and their alleged administrator, Russian citizen Sergey Ivanov, to its sanctions list. According to the agency, both services are linked to money laundering activities involving ransomware operators and other cybercriminals. The FinCEN determined that nearly half of the transactions processed by PM2BTC were […]

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ForkLog 7 23.09.2024

Bitcoin Exchange with 200 Million Ruble Turnover Shut Down in Moscow City

Moscow police have halted the operations of an illegal cryptocurrency exchange with a turnover exceeding 200 million rubles, according to the press service of the Russian Ministry of Internal Affairs. Investigators allege that a transnational group of criminals provided services for cashing out and transferring funds through banking operations, cash services for individuals, and selling […]

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ForkLog 14 19.09.2024

Germany Shuts Down 47 Illegal Bitcoin Exchanges

The German Federal Criminal Police Office (BKA) discovered and seized operational and backup servers of 47 illegal cryptocurrency exchanges. According to the agency’s statement, these services were used by ransomware operators, botnet owners, and darknet marketplace vendors. During the operation, law enforcement gained access to IP addresses, registration data, and user transactions, which were stored […]

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ForkLog 35 18.09.2024

Belarus Restricts Cryptocurrency Transactions for Individuals Outside High-Tech Park

On September 17, Belarusian President Alexander Lukashenko signed a decree titled “On the Circulation of Digital Tokens.” It prohibits individuals and sole proprietors who are residents of the High-Tech Park (HTP) from buying and selling cryptocurrencies outside Belarusian exchanges and exchangers. The decree has already come into effect. Similar restrictions for legal entities have been […]

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ForkLog 8 05.09.2024

Kyiv Residents Suspected of Illegal Cryptocurrency Exchange

The Kyiv City Prosecutor’s Office announced suspicions against two organizers of an online cryptocurrency exchange operating with payment systems unregistered in Ukraine. According to the investigation, the 23-year-old individuals have been exchanging hryvnia for various cryptocurrencies and electronic money from sanctioned services since 2024, including those located in Russia. The transactions were conducted using bank […]

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ForkLog 19 08.08.2024

Kazakhstan Cracks Down on Illegal Cryptocurrency Operations Worth $75.4 Million

Special units of Kazakhstan’s AFM identified 18 crimes related to illegal cryptocurrency operations and mining, with a total turnover exceeding 36 billion tenge ($75.4 million). In 2024, six convictions were handed down for illegal trading of digital assets. During the pre-trial investigation of these cases, assets worth a total of 1.2 billion tenge ($2.51 million) […]

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ForkLog 8 01.08.2024

YellowChanger Reduces Cryptocurrency Exchange Time to Five Minutes

The cryptocurrency exchange service YellowChanger has announced a reduction in swap times to five minutes, as reported to ForkLog by representatives of the project.

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ForkLog 15 25.07.2024

Russian Banks’ New Anti-Fraud Measures May Hinder Cryptocurrency Exchange

From July 25, Russian banks have implemented a new mechanism for the return of funds stolen by fraudsters. This could significantly complicate P2P cryptocurrency exchange operations, senior partner of the Emet law firm, Eduard Davydov, told ForkLog. In the event of theft, a client must contact the bank, which, after reviewing the claim, is obliged […]

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#Currency Exchanges