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An official from the Criminal Investigation Department of the Russian Ministry of Internal Affairs said that, to combat online fraud and address cryptocurrency exchange fraud, a mandatory licensing system should be introduced for crypto exchange service providers and unlicensed crypto exchange service providers should be prohibited from operating. It is necessary to bring cold wallets within the scope of legal regulation and to formulate basic usage rules to reduce the risk that they are used for money laundering, illegal activities, and terrorist financing. (Bits Media)