Currency Exchanges | ForkLog

ForkLog 35 28.02.2025

Kyrgyzstan Links Several Crypto Firms to Money Laundering

On February 26, the State Financial Intelligence Service under the Ministry of Finance of Kyrgyzstan (SFIS) included several cryptocurrency companies in a list of organizations “suspected of involvement in laundering criminal proceeds.” The resolution is in a restricted section of the website, but several Telegram channels have shared the document. The list comprises 22 companies, […]

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ForkLog 28 25.02.2025

Russia Initiates Crackdown on ‘Dropovods’ and Crypto Exchanges

The Russian Ministry of Internal Affairs is conducting a nationwide operation to gather information on cryptocurrency transactions and establish a new registry. The list will include ‘drops, dropovods, arbitrageurs, crypto exchanges, and P2P,’ according to the Telegram channel Cartesius channel.

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ForkLog 35 20.02.2025

BestChange Restored in Russia

The cryptocurrency exchange aggregator BestChange.ru is once again accessible in Russia, as announced by the service team. The resource has been removed from the list of banned sites on the Roskomnadzor portal. The aggregator’s lawyers handled the unblocking process. Previously, representatives of the service informed ForkLog about a large-scale smear campaign against the BestChange brand […]

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ForkLog 21 14.02.2025

Reputational Battle: BestChange Explains Service Blockage

On February 9, Roskomnadzor restricted access to the cryptocurrency exchange aggregator BestChange.ru within Russia. Later, in comments to ForkLog, the service’s legal team revealed that the blockage was initiated by the Bank of Russia. The BestChange team sought to understand the reasons behind the blockage and on February 13 provided ForkLog with a document containing […]

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ForkLog 10 12.02.2025

World Exchange Introduces Fixed Rate Option for Cash Transactions

The cryptocurrency exchange service World Exchange has introduced a new feature—a fixed rate option. This allows clients to avoid the impact of market fluctuations during cash transactions, as reported by ForkLog from project representatives. According to World Exchange representatives, the exchange ranks first in several areas, including: RUB, USD, EUR → USDT, BTC, ETH; BTC, […]

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ForkLog 8 11.02.2025

Bank of Russia Identified as Initiator of BestChange Block

The Bank of Russia has been identified as the initiator behind the blocking of the cryptocurrency exchange aggregator BestChange, according to comments made by the service’s lawyers to ForkLog. They speculate that the restrictions may have been imposed due to legal requirements concerning mining, particularly those preventing the advertisement of digital currencies to the general […]

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ForkLog 23 10.02.2025

BestChange Cryptocurrency Aggregator Blocked in Russia

Roskomnadzor has restricted access to the website of the cryptocurrency exchange aggregator BestChange.ru within Russia. The service team reported this development. According to them, the aggregator continues to operate. Users have access to an official mirror and extensions for popular browsers. “The extension provides access to the main monitoring tools: it makes it easy to […]

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ForkLog 22 20.01.2025

Kazakhstan jails operators of illicit bitcoin exchange, seizes assets

AFM of Kazakhstan completed an investigation into an illegal bitcoin exchange service with a turnover of more than 681m tenge ($1.28m). According to the agency, three organisers converted cryptocurrencies into fiat for a fee. Their clients numbered 380 people, as confirmed by bank statements. The defendants received prison terms ranging from 2.5 to 3.5 years, […]

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ForkLog 18 14.01.2025

Russia opens case over illicit crypto exchange via Rapidpay

Officers of Russia’s Interior Ministry detained four people accused of organising the illegal movement of funds via the Rapidpay payment system, the ministry’s spokeswoman Irina Volk said. According to investigators, the illegal service catered to cryptocurrency exchange outlets, betting shops, online casinos and fraudulent call centres. To keep payments anonymous, Rapidpay’s creators used e-wallets and […]

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ForkLog 39 20.12.2024

Uzbekistan’s Ministry of Justice Registers Licensing Fees for Bitcoin Exchanges

On December 17, Uzbekistan’s Ministry of Justice registered an internal document from the NAPP, setting the state fee for licensing cryptocurrency exchanges, exchangers, and mining pools in the country. According to the document, the fees are as follows: for exchanges — 73,400 BCV (27.5 billion soums or $2.1 million); for exchangers [referred to as crypto […]

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ForkLog 61 19.12.2024

Uzbek Teen Detained for Cryptocurrency Exchange via Telegram

The Ministry of Internal Affairs of Uzbekistan has detained a 17-year-old resident of Bukhara for providing cryptocurrency exchange services on Telegram. This was reported by the press service of the department. According to the investigation, over a period of seven months, the teenager conducted more than 4,000 transactions on the Binance exchange, amounting to a […]

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ForkLog 34 17.12.2024

Buying USDT at scale: how to invest in crypto from $1 to $1m

Tether (USDT) is one of the most liquid assets in the crypto market. As of the end of the third quarter of 2024, USDT is used by 330 million crypto wallets and on-chain accounts. Buying USDT has become a popular way to enter the market: investors exchange fiat for stablecoins without worrying about volatility. However, […]

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