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Nine crypto exchanges operating without government authorization were closed in Moscow City, Russia's financial district.
An unregistered exchange, to define the term, is a trading platform that moves cryptocurrency between buyers and sellers outside any licensing framework.
Russia's Federal Security Service, the FSB, alleges the nine venues were used to send scam proceeds out of the country through Ukrainian call centers.
What the FSB alleges The FSB is Russia's domestic intelligence and security service. Its account describes a money-movement operation.
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