As the Russian government is considering a ban on cash-to-cryptocurrency transactions, some major local crypto exchange platforms have experienced police raids.
Mosca, a crypto-to-cash exchange located in the Moscow International Business Center, was raided on April 23 in connection with fraud by one of its customers, Mosca’s development head Dmitry Titarenko confirmed to Cointelegraph.
“Law enforcement agencies have carried out a standard procedure of checking our customer data,” Titarenko told Cointelegraph at the local crypto event Blockchain Forum 2025.
The Mosca office raid followed online reports linking several arrests of some Mosca customers to a crypto robbery involving a victim reportedly giving fraudsters a massive cash deposit worth millions of dollars.
Cash-to-crypto ban to protect investors?
The police raid on Mosca came the next day after Evgeny Masharov, a member of the Russian Civic Chamber, proposed banning crypto exchangers from accepting cash from their customers