The Ukrainian authorities, in collaboration with the US government, have reportedly shut down nine cryptocurrency exchanges that were operating illegally. The exchanges were accused of facilitating money laundering and illegal activities and were allegedly being used by criminals to launder the proceeds of their crimes. The Ukrainian authorities have been cracking down on illegal cryptocurrency activities in recent years, with the aim of promoting a safe and secure environment for cryptocurrency users in the country. The shut down of these exchanges is seen as a positive step towards achieving this goal.

(By Lubomir Tassev)