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Russia's central bank and finance ministry have been at odds over cryptocurrencies for years, but it appears the parties are gradually showing willingness to meet halfway as the crypto industry rises
Crypto money laundering is aimed at obscuring the criminal origins of funds so criminals can access and spend them.
The prospect of recovering funds stolen from crypto businesses and laundered on these exchanges is nearly impossible, as per a recent report from Chainalysis.
North Korean-linked hacking groups are increasingly using Russian-based exchanges to launder crypto assets, according to cryptocurrency analytics platform Chainalysis.
A recent report has exposed the intricate web of cybercriminal activity involving North Korean hackers using Russian crypto exchanges.