LocalBitcoins, one of the most popular peer-to-peer Bitcoin exchanges, announced this week that it is shutting its business after more than ten years of operation. In its Twitter announcement, the P2P platform said that it can no longer provide its service due to the “challenges during the ongoing very cold crypto-winter.” They already stopped new signups. LocalBitcoins users will be able to withdraw their cryptos over the next 12 months.
According to Reuters, Binance processed almost $346 million in bitcoin for the Russian crypto exchange Bitzlato. The company's founder Anatoly Legkodymov was arrested by U.S. authorities last week for allegedly running a money laundering scheme. The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an order identifying Bitzlato Limited d/b/a Bitzlato (www.bitzlato.com) as a primary money laundering concern in connection with Russian illicit finance