Al Jazeera English published this video item, entitled “US arrests Russian crypto boss who ‘catered to known crooks’” – below is their description.
United States authorities have arrested a Russian national accused of running a Hong Kong-registered cryptocurrency exchange as a money laundering outfit.
The US Department of Justice said Anatoly Legkodymov, 40, a Russian living in Shenzhen, China, is scheduled to be arraigned on Wednesday for his role in transmitting a total of $700m in illicit funds through the virtual currency exchange Bitzlato, which marketed itself as requiring minimal identification from users.
The arrest was conducted in conjunction with the US Department of the Treasury’s Financial Crimes Enforcement Network and foreign authorities, officials said.
Al Jazeera’s Alan Fisher reports from Washington, DC.
Al Jazeera English YouTube Channel
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About This Source - Al Jazeera English
The video item below is a piece of English language content from Al Jazeera. Al Jazeera is a Qatari state-funded broadcaster based in Doha, Qatar, owned by the Al Jazeera Media Network.
China is the third largest country in the world by area and the largest country in the world by population. Properly known as the People’s Republic of China, the political territory of the country includes Tibet and Hong Kong. The capital is Beijing.
Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR), is a metropolitan area and special administrative region of the People’s Republic of China on the eastern Pearl River Delta of the South China Sea. With over 7.5 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world.
Hong Kong became a colony of the British Empire after the Qing Empire ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898. The whole territory was transferred to China in 1997. As a special administrative region, Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of “one country, two systems”.
The United States is a country also known as the United States of America, USA, US or just America. There are fifty states in the union, which is a federal republic ruled by a representative democracy. Nearly ten million square kilometres are inhabited by over 300 million people. The majority of Americans speak English.