02/12/19 07:13 UTC-5

The United States arrested a compatriot for a blockchain lecture in North Korea

An American programmer, Virgil Griffith, was arrested by US authorities for traveling to North Korea and presenting blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
technology there.


Assistance in circumventing sanctions

US prosecutors blamed Griffith for allegedly making a trip to the DPRK to uncover blockchain technology and how to use cryptocurrencies to circumvent sanctions. 36-year-old Griffith was arrested at the Los Angeles airport, where he was violated by the International Emergency Economic Powers Act (IEEPA), which implies a maximum sentence of 20 years in prison.

Initially, the US Department of State refused Griffith to travel to North Korea, but he went against the decision and spoke at the Conference of Digital Currencies in the DPRK. US Attorney Jeffrey Berman said that “Virgil Griffith provided information that could be used by North Korea to launder money and avoid sanctions. In addition, in this way he threatened the sanctions imposed by both Congress and the President to confront North Korea’s dangerous regime.”

The FBI Deputy Director, William Sweeney Jr., noted:

“There are reasons why sanctions were imposed on the DPRK. The country and its leader pose a threat to our national security and the security of our allies. Griffith traveled to North Korea without government permission, and with the knowledge that his actions were unlawful. We cannot afford to evade sanctions because the consequences of North Korea receiving funding, technology, and information can contribute to further efforts to create nuclear weapons, which threaten the whole world.”

According to cryptocurrency news, IEEPA prohibits any U.S. citizens from exporting any goods, services or technologies to the DPRK without a license from the Ministry of Finance and the Office for Foreign Assets Control.

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See also: "Microsoft uses blockchain to restore the game of the 80s"

#USA #DPRK #VirgilGriffith #blockchain #cryptocurrency #moneylaundering #sanctions

Editor: Alyona Deryabina