Enforcement goes on with Bitzlato action — Law Decoded, Jan. 16-23.

Enforcement goes on with Bitzlato action — Law Decoded, Jan. 16-23.


The good news of the last week is that Bitcoin (BTC) continued to review, making around 10% up from Jan.16 to Jan. 23. But it has yet to change a worrying trend of crypto companies making headlines due to their troubles with the law. 

The United States Department of Justice launched a “major international cryptocurrency enforcement action” against China-based crypto firm Bitzlato and arrested its founder, Anatoly Legkodymov. The enforcers consider Bitzlato to be a “primary money laundering concern” connected to Russian illicit finance. While the exchange attracted little attention until the DOJ action, it had received $206 million from darknet markets, $224.5 million from scams, and $9 million from ransomware attackers.

The United States Financial Crimes Enforcement Network (FinCEN) states the Binance cryptocurrency exchange was among

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