The Mosca exchange in Moscow was raided following allegations of fraud. This incident occurred alongside proposals for banning cash transactions with cryptocurrency.
Raid at Mosca Exchange
On April 23, the Mosca exchange in Moscow was raided in connection with reports of fraud by one of its customers. Dmitry Titarenko, Mosca's development head, confirmed that law enforcement agencies conducted a standard check of customer data.
Proposals for Cash Transaction Ban
The day after the raid, Evgeny Masharov, a member of the Russian Civic Chamber, proposed banning cash transactions in exchanges to curb fraud. He emphasized that such measures could significantly hinder scammers who use exchanges to withdraw cash.
Community Reaction to Proposed Ban
Sergey Mendeleev, a prominent figure in the Russian crypto community, expressed concern about the potential ban on cash transactions. He suggested that it might indicate a shift away from government support for crypto adoption. At the Blockchain Forum 2025 where Mosca was featured, Mendeleev mentioned that raids on exchanges in Moscow are a common occurrence.
The situation surrounding the raid on Mosca and proposals for banning cash-to-crypto transactions raises important questions about the future of cryptocurrency regulation in Russia.
