[Russia Designates Ukrainian Crypto Exchange WhiteBit and Its Parent Company as Undesirable Organizations] According to Bitsmedia, the Russian Prosecutor General's Office has designated the Ukrainian cryptocurrency exchange WhiteBit as an undesirable organization. The regulatory body claims that the exchange has been used to illegally transfer funds out of Russia, including financing the Ukrainian armed forces. Russia has also added WhiteBit's parent company, W Group, along with all its affiliates and subsidiaries, to the list. The Prosecutor General's Office stated that since 2022, WhiteBit's management has transferred approximately $11 million to the Ukrainian military, including around $900,000 for the purchase of drones, and alleged that the platform collaborates with Ukraine's Ministry of Foreign Affairs to provide technical support for the United24 crypto donation platform. Currently, no cryptocurrency exchanges are registered under Russian law. The Russian Central Bank hopes that amendments to regulate exchanges and cryptocurrency traders will be finalized by July 1. Starting from July 1, 2027, the Russian Central Bank plans to hold intermediaries in the crypto market accountable for illegal activities.