Last Minute: The US Department of Justice Released the Expected Bitcoin and Cryptocurrency Statement! Here’s BTC’s Reaction

US Department of Justice, bitcoin and cryptocurrencies He made the statement he had announced a short time ago. Here are the details:

The Ministry of Justice has decided to sanction the Russian Stock Exchange Bitzlato. The statement was not as big a development as crypto users expected and brought a rise after the dump in Bitcoin price.

Here is the reaction of Bitcoin price:

Cryptocurrency website Bitzlato has been seized ‘as part of a coordinated international law enforcement action,’ according to the notice posted on the site.

The US Department of Justice announced sanctions actions against Bitzlato and arrested its Russian citizen founder in Miami last night.

French authorities and the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) are taking simultaneous enforcement actions.

US Attorney Breon Peace said, “Corporations that trade cryptocurrencies are not above the law and their owners are not beyond our reach.”
“As alleged, Bitzlato has marketed itself as a cryptocurrency exchange with no questions asked of criminals, and has amassed hundreds of millions of dollars worth of deposits as a result. Defendant is now paying the price for the bad role his company has played in the cryptocurrency ecosystem.”

Deputy Attorney General Monaco said in a statement:
“Today, the Department of Justice dealt a significant blow to the cryptocrime ecosystem. Overnight, the ministry worked with key partners here and abroad to take down Bitzlato, the China-based money laundering tool that is feeding a high-tech crypto crime ring, and arrest its founder, Russian citizen Anatoly Legkodymov. Today’s actions send a clear message:

Whether you’re breaking our laws in China or Europe or misusing our financial system from a tropical island, you can expect to be held accountable for your crimes in United States courtrooms.”

FBI Deputy Director Turner said in a press release:
“The FBI will continue to track people who try to hide their criminal activities behind keyboards and use tools like cryptocurrencies to evade law enforcement. We will work relentlessly with our federal and international partners to disrupt and eliminate such criminal attempts. Today’s arrest should be a reminder that the FBI will impose risks and consequences on those engaged in these activities.”

News being updated as developments come…

*Not investment advice.

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