U.S. Authorities Nab Crypto Exchange Founder Over Money Laundering

Bitzlato Ltd, a cryptocurrency exchange located in China, was named a “money laundering concern” by the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) on Wednesday in connection with illicit financing coming from Russia. The authorities have detained the exchange’s proprietor on money laundering charges, which they call a “blow to the cryptocrime ecosystem.” At The post U.S. Authorities Nab Crypto Exchange Founder Over Money Laundering appeared first on Coin Edition .