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North Korea Crypto Mixer Tornado Cash Sanctioned By U.S.

North Korea and the United States are once again going at each other’s throats in the name of cryptocurrency activity. This time, it looks like the U.S. has put sanctions in place against North Korea-based crypto mixer Tornado Cash, which at the time of writing, is alleged to have laundered more than $7 billion in digital funds. North Korea Has Been Using Tornado for the Wrong Reasons North Korea has long been the subject of crypto speculation amongst North American...

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The Blockchain Group Lobbies Against Legislation Designed to Prevent Russians from Using Crypto

The Blockchain Group is working to prevent members of Congress from passing legislation that would place sanctions on oligarchs or individuals in Russia for using cryptocurrency. The organization claims that these people are not using crypto for illicit purposes and thus they do not deserve to be punished. The Blockchain Group Seeks to Prevent Various Crypto Laws Sanctions have been placed on Russia since the country allegedly invaded Ukraine last February. There are...

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US Issues New Sanctions Against Crypto Miners in Russia

The United States is imposing more sanctions on Russia for its alleged involvement in the Ukraine invasion. The country is now saying it will penalize all crypto miners who seek to assist Russia in evading the present regulations set forth by the U.S. and its allies. Russia Is Getting Hit Again The United States has long been at it with Russia. The country potentially invaded Ukraine back in February despite many attempts from the U.S. and other countries to dissuade it...

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Ethereum’s Virgil Griffith Gets 5-Year Prison Sentence

Crypto expert Virgil Griffith was sentenced to five years in prison after pleading guilty last year to conspiracy. Virgil Griffith Will Serve Time Behind Bars Griffith had been charged with helping North Korea use cryptocurrencies to avoid sanctions. He will serve his prison term in a federal corrections facility. At 39 years of age, Griffith traveled to North Korea’s capital of Pyongyang in 2019 to take part in a crypto-based conference even after the U.S. government...

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Russia Supposedly Isn’t Turning to Crypto After All

For the past month or so, many regulators and members of the U.S. government have expressed concern that Vladimir Putin and Russia may be trying to use crypto to avoid recent sanctions. However, at the time of writing, there is no evidence to suggest this is happening. Russia May Not Have Strong Access to Crypto This sentiment comes from Jonathan Levin – co-founder and chief strategy officer at Chainalysis, a blockchain analysis firm – and a panel of alleged experts, who...

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Elizabeth Warren to Crypto Exchanges: Cut Russia Off!

Members of Congress like Senator Elizabeth Warren – a democrat of Massachusetts – have written a letter to Janet Yellen, the Treasury Secretary under Biden, to ensure that crypto exchanges are working with the U.S. government to ensure that sanctions imposed on Russia are being fully complied with. Elizabeth Warren Is Worried Crypto Can Help Russia Elizabeth Warren – along with Senators Sherrod Brown, Mark Warner, and Jack Reed – want to make sure that crypto exchanges...

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Will Russia Use Crypto to Avoid Newly-Imposed Sanctions?

Analysts are convinced that Russia may utilize cryptocurrency to avoid sanctions recently imposed due to its attack on Ukraine. What Will Russia Do with Crypto? Last week, the U.S. imposed sanctions on Russia for its invasion of Ukrainian territory, but many industry experts believe that these sanctions aren’t going to go anywhere, and that Vladimir Putin could potentially turn to digital assets to avoid whatever’s been imposed on his nation by the American government....

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Crypto Expert Virgil Griffith Is Facing 20 Years in Prison

Not long ago, a crypto expert by the name of Virgil Griffith caused a stir when he attended a blockchain conference in North Korea – a country sanctioned by the United States – and offered a seminar on how blockchain could potentially be used to hide transactions and avoid financial prying from the West. Virgil Griffith Will Be Sentenced Soon The conference took place in 2019. Now, Griffith is facing the tune of his actions and has pled guilty to helping North Korea...

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U.S. Man Arrested Over North Korea Crypto Seminar

A U.S. man has been arrested for teaching North Korea about blockchain. According to a press release, Virgil Griffith – a resident of Singapore but a citizen of the United States – has been charged with violating international restrictions by traveling to North Korea and providing a lecture and advice regarding blockchain technology and how it can be used to violate present sanctions.North Korea: Using Blockchain for Illicit Purposes?North Korea, a nuclear state, has had a very controversial...

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