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“As alleged, Bitzlato sold itself to criminals as a no-questions-asked cryptocurrency exchange, and reaped hundreds of millions of dollars’ worth of deposits as a result. The defendant is now paying the price for the malign role that his company played in the cryptocurrency ecosystem.”
I belive US has decided to come down heavily on the decentralised or non-kyc exchanges. That's quite unfortunate! Cryptocurrency is definitely being used by criminals and if US has done it against some irrefutable proof, that's fine!
Eventually the NFT platforms will suffer the similar fate because that's mostly the playground for money launderers. No one of us like KYC but if that particular matter is allowing criminals to freely transfer value, that's not good for the market either.
Or they are doing witch hunting, as they are going after the Russian and it's supposedly money laundering scheme which involves this exchanges.
So we shouldn't be surprised specially that the war is still ongoing and US trying to put down everything that support the war in favor of the Russians including Russian citizens and supposedly criminals hiding on the coat tail of this shady exchange or it's founder and owner.
That's what surprises me! When US wages war against oil rich countries, it's for saving the mankind against the terrorism. And when Russia goes on war to not allow NATO forces to reach their border, that's a war! How hilarious is that!
War is bad in any shape or form. But the motives behind it needs to be re-justified in future by the US government when another super power will be ready to challenge their dominance. Having one super power is not too democratic.
