Moscow-based cryptocurrency exchanges, including the U.S.-designated platform Suex, potentially give Russian criminals and other blacklisted individuals a channel to move large sums into Britain and other Western nations, an advocacy group warned Wednesday. In a 17-page report, Transparency International's affiliate in Russia identified eight "over-the-counter" cryptocurrency brokers in the Russian capital offering to sell their clients stablecoins and other digital assets for rubles and then supply them the equivalent sum in British pounds, in cash, in London, without conducting any due diligence. "Our research shows there are crypto exchanges that are not registered in the U.K. for regulatory purposes and...
Transparency International Russia released a report following its investigation into the role that some cryptocurrency exchanges play in facilitating sanctions evasion.
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