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Ukraine’s Financial Watchdog Reports Blocking Russian Crypto Exchanges – Bitcoin News

Ukraine’s Financial Watchdog Reports Blocking Russian Crypto Exchanges

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Ukraine’s Financial Watchdog has reported that it has blocked access to two Russian cryptocurrency exchanges. According to the report, the National Commission for Securities and the Stock Market (NCSSM) has blocked access to two Russian exchanges, YoBit and Livecoin.

The NCSSM said it had blocked access to the exchanges because they are not registered in Ukraine and do not comply with the country’s laws. The regulator also said that it had received numerous complaints from Ukrainian investors about the exchanges, which prompted it to take action.

The NCSSM said that it is monitoring the situation and will continue to take action against any exchanges that are not compliant with its laws. It also warned investors to be cautious when trading on these exchanges, as they may be subject to fraud and other risks.

The news comes as the Ukrainian government has been increasingly cracking down on cryptocurrency exchanges. Last year, the country’s central bank warned citizens not to use foreign exchanges, citing the risk of money laundering and terrorist financing.

The move to block access to the two Russian exchanges is the latest in a series of steps taken by the Ukrainian government to protect its citizens from fraud and other risks associated with cryptocurrency trading. It is also a sign that the government is taking a more active role in regulating the cryptocurrency industry.

The news is likely to be welcomed by many in the cryptocurrency community, as it shows that the Ukrainian government is taking steps to protect its citizens. It is also a sign that the country is taking a more active role in regulating the industry and ensuring that it is compliant with the law.

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