{"id":542495,"date":"2023-01-23T14:29:01","date_gmt":"2023-01-23T11:29:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/enforcement-goes-on-with-bitzlato-action-law-decoded-jan-16-23\/"},"modified":"2023-01-23T14:29:01","modified_gmt":"2023-01-23T11:29:01","slug":"enforcement-goes-on-with-bitzlato-action-law-decoded-jan-16-23","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/enforcement-goes-on-with-bitzlato-action-law-decoded-jan-16-23\/","title":{"rendered":"# Enforcement goes on with Bitzlato action \u2014 Law Decoded, Jan. 16-23."},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3941402dfc3\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3941402dfc3\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/enforcement-goes-on-with-bitzlato-action-law-decoded-jan-16-23\/#%E2%80%9D_Enforcement_goes_on_with_Bitzlato_action_%E2%80%94_Law_Decoded_Jan_16-23_%E2%80%9C\" >&#8221; Enforcement goes on with Bitzlato action \u2014 Law Decoded, Jan. 16-23.  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Enforcement_goes_on_with_Bitzlato_action_%E2%80%94_Law_Decoded_Jan_16-23_%E2%80%9C\"><\/span>&#8221; Enforcement goes on with Bitzlato action \u2014 Law Decoded, Jan. 16-23.  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDEvY2Q4NmExNTctYzRlYS00NDE2LTg3YzMtZjZjYTBlOTM4MTVhLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a4050f8>The good <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> of the last week is that Bitcoin (BTC) continued to review, making around 10% up from Jan.16 to Jan. 23. But it has yet to change a worrying trend of crypto companies making headlines due to their troubles with the law.\u00a0<\/p>\n<p>The United States Department of Justice launched a \u201cmajor international cryptocurrency enforcement action\u201d against China-based crypto firm Bitzlato and arrested its founder, Anatoly Legkodymov. The enforcers consider Bitzlato to be a \u201cprimary money laundering concern\u201d connected to Russian illicit finance. While the exchange attracted little attention until the DOJ action, it had received $206 million from darknet markets, $224.5 million from scams, and $9 million from ransomware attackers.<\/p>\n<p>The United States Financial Crimes Enforcement Network (FinCEN) states the Binance cryptocurrency exchange was among the \u201ctop three receiving counterparties\u201d of Bitzlato in terms of Bitcoin transactions. However, it doesn\u2019t mention Binance among the top sending counterparties to the malevolent exchange. <\/p>\n<p>The United States Securities and Exchange Commission (SEC) has followed the Commodity Futures Trading Commission (CFTC) in filing parallel charges against the crypto user allegedly behind a multimillion-dollar exploit of decentralized exchange Mango Markets. Avraham Eisenberg is alleged of manipulating Mango Markets\u2019 MNGO governance token to steal roughly $116 million worth of cryptocurrency from the platform. <\/p>\n<p><strong>Iran and Russia want to issue new stablecoin backed by gold<\/strong><\/p>\n<p>The Central Bank of Iran is reportedly cooperating with the Russian government to jointly issue a new cryptocurrency backed by gold. A \u201ctoken of the Persian Gulf region\u201d would serve as a payment method in foreign trade. The stablecoin aims to enable cross-border transactions instead of fiat currencies like the United States dollar, the Russian ruble or the Iranian rial. Reportedly the potential cryptocurrency would operate in a special economic zone in Astrakhan, where Russia started to accept Iranian cargo shipments.<\/p>\n<p>Continue reading<\/p>\n<p><strong>EU postpones final vote on MiCA for the second time<\/strong><\/p>\n<p>The final vote on the European Union\u2019s (EU) much-awaited set of crypto rules, known as the Markets in Crypto Assets regulation (MiCA), was deferred to April 2023. It marks the second delay in the final vote, which was previously postponed from November 2022 to February 2023. The latest delay is due to a technical issue where the official 400-page document couldn\u2019t be translated into the 24 official languages of the EU. Legal documents like the MiCA, which are drafted in English, must comply with EU regulations and be published in all 24 official languages of the union.<\/p>\n<p>Continue reading <\/p>\n<p><strong>Japanese regulators want crypto treated like traditional banks<\/strong><\/p>\n<p>\u201cIf you like to implement effective regulation, you have to do the same as you regulate and supervise traditional institutions,\u201d the deputy director-<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> of the Financial Services Agency\u2019s Strategy Development and Management Bureau, Mamoru Yanase, has told the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>. Yanase added that countries \u201cneed to firmly demand\u201d consumer protection measures from crypto exchanges. Demands were also laid down for money laundering prevention, strong governance, internal controls, auditing and disclosure for crypto brokerages.<\/p>\n<p>Continue reading<\/p>\n<p><strong>Further reads<\/strong> <\/p>\n<p>Going cashless: Norway&#8217;s digital currency project raises privacy questions<\/p>\n<p>Today\u2019s iteration of DeFi could be criminalized by 2025. Here\u2019s how its replacement could look<\/p>\n<p>FTX fallout: SBF trial could set precedent for the crypto industry<\/p>\n<p>Crypto to play &#8216;major role&#8217; in UAE trade, according to its foreign trade minister<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<p>Central African Republic eyes legal framework for crypto adoption<\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/enforcement-goes-on-with-bitzlato-action-law-decoded-jan-16-23\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Enforcement goes on with Bitzlato action \u2014 Law Decoded, Jan. 16-23. &#8220; The good news of the last week is that Bitcoin (BTC) continued to review, making around 10% up from Jan.16 to Jan. 23. But it has yet to change a worrying trend of crypto companies making headlines due to their troubles with&#8230;<\/p>\n","protected":false},"author":1,"featured_media":542496,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/cd86a157-c4ea-4416-87c3-f6ca0e93815a.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74898,117,4973,71835,70984,73240,70934,4975,67874],"class_list":["post-542495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-sec","tag-business","tag-china","tag-gold","tag-iran","tag-ransomware","tag-regulation","tag-russia","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/542495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=542495"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/542495\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/542496"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=542495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=542495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=542495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}