Digital currency exchanges struggling as regulators close in
Digital asset firms often blame the "shifting" regulatory landscape for their failures, but in truth, laws haven't changed, and regulators are finally catching on to how technology works.
Latest Bitzlato News
Bitzlato: Exchange seized by EU, US authorities allows users to withdraw 50% of funds in BTC
Bitzlato was seized by Europol earlier this year amid a U.S. crackdown for facilitating money laundering, but it has now reopened its withdrawals for its users.
Bitzlato received €1B from criminals, with $346M flowing to Binance: Europol
Europol worked with the U.S., Spain, Portugal, and others to crack down on Bitzlato even as Reuters revealed that Binance processed over $346 million for the exchange.
Binance resorting to shady payment providers as legitimate options run short
Signature’s decision to pull back from the digital asset space chaos won’t stop Binance from finding another bedfellow—the question is which disreputable company is next up to the plate.
US authorities dismantle ransomware-friendly Bitzlato exchange, arrest co-founder
The DoJ’s complaint against Anatoly Legkodymov, a senior executive and major shareholder of Bitzlato, notes that it was founded in 2016 and has processed nearly $4.6B in transactions since May 2018.