The U.S. Justice Department said it would take enforcement action against Russian trading platform Bitzlato. Bitzlato founder and majority shareholder Anatoly Legkodymov was arrested in Miami last night on suspicion of running a money laundering operation in violation of U.S. regulatory safeguards, including anti-money laundering requirements. Lykodimov, 40, a Russian citizen living in Shenzhen, is scheduled to be arraigned this afternoon in the U.S. District Court for the Southern District of Florida. Meanwhile, French authorities and the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) are taking simultaneous enforcement action. Bitzlato is a cryptocurrency exchange registered in Hong Kong and operating globally. Bitzlato has very low requirements for user authentication, and made it clear that "neither a selfie nor a passport is required."