US cryptocurrency expert arrested after appearance at North Korea conference | The Independent

clicks | 6 months ago | Google AI sentiment 0.50 | comments: discuss | tags: cryptocurrency

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A leading cryptocurrency researcher has been arrested after travelling to North Korea for a secretive conference about blockchain technology.US law enforcement charged Virgil Griffith under the International Emergency Powers Act for allegedly providing technical advice on how to evade international sanctions using cryptocurrency and blockchain technology.The Department of Justice claimed Mr Griffith travelled to the reclusive state in April 2019 to speak at the Pyongyang Blockchain and Cryptocurrency Conference . Sharing the full story, not just the headlines"Mr Griffith allegedly travelled to North Korea without permission from the federal government, and with knowledge what he was doing was against the law," said FBI assistant director-in-charge William Sweeney."We cannot allow anyone to evade sanctions, because the consequences of North Korea obtaining funding, technology, and information to further its desire to build nuclear weapons put the world at risk. It's even more egregious that a US citizen allegedly chose to aid our adversary."North Korea has shown considerable interest in cryptocurrency in recent years, which offer a way to evade crippling economic sanctions....