U.S. authorities arrest founder of crypto exchange Bitzlato
FinanceJan 18, 2023Jan 18, 2023
With this arrest, the US is making a stand against those who trade in cryptocurrency and believe they’re above — or skating around — the law. Money laundering, terrorist financing, and other illicit finance will not be tolerated by any financial institution, crypto or otherwise. This is a major blow to the murky world of crypto crime.
Despite what you may hear in the news or from politicians, the government is not broadening its investigatory and regulatory reach to combat crypto schemes. On the contrary, people who are making their wealth with crypto are such lavish contributors to political campaigns on both sides of the aisle, they’re unlikely to face much in the way of consequences when they commit fraud or other crimes.