FIU Warns Against Unreported Virtual Asset Operators, Confirms Two Illegal Platforms

"On July 7, 2025, the Financial Information Analysis Unit (FIU) warned against unreported virtual asset operators. The FIU confirmed that two unreported platforms, KCEX and QXALX, were engaging in illegal operations and reported this to law enforcement agencies." "The use of these unreported platforms poses significant risks, including data breaches, hacking, and scams, which can be exploited by criminals for money laundering and other crimes. It is crucial for users to verify that the virtual asset operators they are using have been properly registered with FIU."