Currency Exchanges | ForkLog

ForkLog 26 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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ForkLog 22 19.07.2024

Bitzlato Founder to Be Released After Time Served

On July 18th, the U.S. District Court in Brooklyn, New York, sentenced Anatoly Legkodymov, founder of the cryptocurrency exchange platform Bitzlato, to 18 months in prison, crediting him for the equivalent time already spent in detention. This was reported by Bloomberg. Legkodymov was accused of running an unlicensed money transfer business that processed over $700 […]

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ForkLog 141 01.07.2024

How to verify funds’ cleanliness with BestChange’s AML service — a guide

In 2024, the BestChange exchange monitor launched an AML analysis tool for cryptocurrency addresses, priced at $0.20 per check. Here is how it works, followed by a test of crypto-asset cleanliness. A brief note on BestChange BestChange is an aggregator (monitor) of services for exchanging cryptocurrencies, electronic money and cash, launched in 2007. The team […]

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ForkLog 15 13.05.2024

AvanChange Celebrates Tether’s Launch on TON with 1000 USDT Giveaway

The cryptocurrency exchange AvanChange has introduced support for the stablecoin Tether (USDT) on The Open Network (TON) blockchain and announced a giveaway of 1000 USDT to mark the occasion. To participate, users must register on AvanChange and complete tasks on the promotion page. Organizers will distribute tickets to users and conduct a draw among ticket […]

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ForkLog 8 16.04.2024

MaxSwap Offers $5000 Prize for Friend Referrals

The cryptocurrency exchange MaxSwap is offering a $5000 prize for deposits of $100 and friend referrals, representatives of the trading platform informed ForkLog.

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ForkLog 10 27.03.2024

Kazakhstan Shuts Down Bitcoin Exchange with $1.35 Million Revenue

In the city of Kostanay, authorities have halted the operations of an unlicensed cryptocurrency online exchange. This was reported by the AFM. According to the case materials, since 2020, two Kazakhstani citizens have been processing user requests through a cryptocurrency exchange website they created. During a search, law enforcement officers seized system units, laptops, and […]

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ForkLog 47 20.03.2024

Uzbekistan Raises Fees for Bitcoin Exchanges and Exchangers

The NAPP of Uzbekistan has adjusted the monthly fixed fees for cryptocurrency exchanges and exchangers operating in the country. The decision followed an analysis indicating sufficient profitability among service providers in the crypto asset sector. For exchanges, the mandatory fees have increased from 400 BCU to 740 BCU (251.6 million soums or ~$20,015), and for […]

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ForkLog 51 21.02.2024

Russian Central Bank Revokes License of Qiwi Bank Amid Cryptocurrency Exchange Transfers

Qiwi Bank’s license was revoked due to high-risk operations, specifically mentioning cryptocurrency exchanges. The closure of the payment system will not affect legitimate market players. The regulator’s statement in this case does not pertain to the crypto industry. On February 21, the Russian Central Bank revoked the license of Qiwi Bank for systematic violations of […]

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ForkLog 87 05.02.2024

How to exchange cryptocurrency with BestChange — a beginner’s guide

If you do not trade or have only just started investing in crypto, you probably want a simple exchanger with a good rate. Aggregators help you choose such a service: they collect reviews of trading platforms, check their reliability and rank them by the most favourable rate. Here is how to use BestChange, one of […]

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ForkLog 47 24.01.2024

LocalCoinSwap Withdraws from Russian and Venezuelan Markets

On January 22, clients of the P2P platform LocalCoinSwap in Russia and Venezuela received letters announcing the company’s withdrawal from these jurisdictions. The information was confirmed in the official Telegram chat. The exchange attributed its decision to “recent changes in the regulatory sphere” in these regions. Source: Screenshot of the letter. LocalCoinSwap announced a complete […]

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ForkLog 32 17.01.2024

Kazakh Cryptocurrency Exchange Owners Sentenced to Prison with Asset Seizure

The Financial Monitoring Agency of Kazakhstan has concluded its investigation into two individuals involved in illegal cryptocurrency exchanges in Astana. The individuals charged a commission of 1.5% to 2.5% for their services, generating a turnover of 15 billion tenge ($33.1 million). Both defendants have been sentenced to prison terms of three and two and a […]

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ForkLog 28 15.01.2024

Two Owners of Illegal Cryptocurrency Exchange Detained in Minsk

The Investigative Committee of Belarus has concluded its investigation into two foreigners who illegally sold cryptocurrencies within the country. According to the investigation, in the spring of 2019, a 36-year-old foreigner, who was the head of one of the largest digital asset exchange services in Russia, Armenia, Uzbekistan, Kazakhstan, Ukraine, Georgia, and the UAE, established […]

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