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US: Authorities arrest Russian crypto operator on suspicion of criminal act

US authorities arrested a Russian cryptocurrency executive who allegedly oversaw the exchange of hundreds of millions of dollars with drug traffickers and cyber criminals.

The US Treasury Department has labeled his cryptocurrency exchange as a money laundering concern. 

His arrest marks the latest effort by President Joe Biden's administration to crack down on digital currencies that US officials say have for too long been a safe haven for fraudsters and drug dealers.



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