Enforcement Goes On With Bitzlato Action: Legislation Decoded, Jan. 16–23

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The true recordsdata of the final week is that Bitcoin (BTC) has persevered to rebound, making round 10% up from Jan. 16 to Jan. 23. Nonetheless the caring kind of crypto companies making headlines attributable to their troubles with the rules has but to alter.

The United States Division of Justice launched a “major world cryptocurrency enforcement action” towards China-based mostly crypto company Bitzlato and arrested its founder, Anatoly Legkodymov. The department considers Bitzlato to be a “significant money laundering enviornment” related to Russian illicit finance. Whereas the alternate attracted small consideration till the DOJ action, it had reportedlyreceived $206 million from darknet markets, $224.5 million from scams and $9 million from ransomware attackers.

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