The Department of Justice in the United States is planning on taking major international cryptocurrency enforcement action. Through an announcement made on Wednesday, the U.S. Justice Department informed the public that they will be taking action “against” cryptocurrency exchanges on an international level. This comes after the U.S. authorities charge Bitzlato, a major Russian crypto exchange, with money laundering. According to the charges, Bitzlato laundered more than $700 million.
Many important individuals in the justice sector were present at the conference. One of the most important people leading the conference was Deputy Attorney General Lisa Monaco. Some other individuals worth noting are FBI’s Associate Deputy Director, Brian Turner, Assistant Attorney General Kenneth Polite Jr., U.S. Attorney Breon Peace, and Deputy Secretary of the Treasury Department, Wally Adeyemo.
For your information, Bitzlato is a crypto platform based in Hong Kong. This exchange has been effectively shut down and the founder of the exchange, Anatoly Legkodymov, is now under U.S. custody. The company for labeled as a primary money-laundering concern previously by the Treasury’s Financial Crimes Enforcement Network (FinCEN).