The Russian government’s potential ban on cash-to-cryptocurrency transactions has led to police raids on major local crypto exchange platforms. One such platform, Mosca, located in the Moscow International Business Center, was raided on April 23 in connection with fraud by one of its customers. The development head of Mosca confirmed the raid, stating that law enforcement agencies were checking customer data. The raid followed reports of arrests of Mosca customers linked to an alleged crypto robbery involving a massive cash deposit. The ban on cash-to-crypto transactions is being considered to protect investors from fraudsters who use crypto exchangers to withdraw cash funds. A former government adviser reportedly lost $5.1 million to scammers by cashing out her bank accounts. Mosca allows clients to buy up to 100,000 USDT with cash daily. The company is enhancing its anti-money laundering and know your customer checks following the raid. The proposal to ban cash-to-crypto transactions has raised concerns in the Russian crypto community, with some fearing a shift away from crypto adoption. Raids on crypto exchange services are common in the Moscow International Business Center, where other platforms like Garantex are also located. Garantex recently halted trading after Tether froze $27 million in USDT due to sanctions. The industry is closely monitoring the situation as regulatory dynamics evolve in Russia.