US arrests Russian crypto boss who ‘catered to known crooks’

United States authorities have arrested a Russian national accused of running a Hong Kong-registered cryptocurrency exchange as a money laundering outfit.
The US Department of Justice said Anatoly Legkodymov, 40, a Russian living in Shenzhen, China, is scheduled to be arraigned on Wednesday for his role in transmitting a total of $700m in illicit funds through the virtual currency exchange Bitzlato, which marketed itself as requiring minimal identification from users.
The arrest was conducted in conjunction with the US Department of the Treasury’s Financial Crimes Enforcement Network and foreign authorities, officials said.

Al Jazeera’s Alan Fisher reports from Washington, DC.

Subscribe to our channel: http://bit.ly/AJSubscribe
Follow us on Twitter: https://twitter.com/AJEnglish
Find us on Facebook: https://www.facebook.com/aljazeera
Check our website: http://www.aljazeera.com/
Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/

#DOJ #AnatolyLegkodymov #Bitzlato #CryptoCurrency #AlJazeeraEnglish