Guwahati, March 13 -- Indian authorities arrested Aleksej Besciokov, a cryptocurrency exchange administrator, at Washington's request on Wednesday, the Central Bureau of Investigation (CBI) reported.

Besciokov, a Russian resident and Lithuanian national, is accused of money laundering and violating sanctions.

He also faces charges for operating an unlicensed money-transmitting business, according to the U.S. Justice Department.

The U.S., Germany, and Finland recently took down the online infrastructure used by the Russian cryptocurrency exchange Garantex.

The Justice Department revealed that two administrators of Garantex were charged, including Besciokov.

He was arrested in Kerala, India, after the U.S. authorities issued a provisio...