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American cryptocurrency expert admits to providing information to North Korea

Information on cryptocurrencies is now a matter of state. An American, accused of hacker and cryptocurrency expert, has pleaded guilty to providing financial advice to North Korea to escape international sanctions, the US justice announced on Monday, September 27.

“As he admitted in court today, Virgil Griffith agreed to help one of our nation’s most dangerous adversaries, North Korea,” the federal court attorney said in a statement. Manhattan in New York, Audrey Strauss. “Mr. Griffith worked, with others, to provide North Korea with cryptocurrency financial services, helped North Korea escape sanctions, and visited North Korea for these purposes,” the prosecutor listed in this press release from the Ministry of Justice.

Also read: cryptocurrencies are now illegal in China

A virtual currency exchange program

The US justice accuses Virgil Griffith of having “endangered the national security of the United States by undermining the sanctions system implemented by the president and Congress consisting of exerting maximum pressure on the threat posed by the treacherous North Korean regime. “.

Virgil Griffith, 38, is an American computer scientist who lived in Singapore and was arrested in November 2019 at the Los Angeles airport after attending a conference in Pyongyang a few months earlier.

He had exposed, according to the US justice, his experience in cryptocurrencies and virtual currencies and how to “escape international sanctions” against the communist regime in Pyongyang.

The US justice also accuses him of having proposed “programs to facilitate cryptocurrency exchanges between North and South Korea”, in violation of international norms. Virgil Griffith faces a maximum sentence of 20 years in prison and the decision will be made on January 18, according to the Manhattan prosecutor.

North Korea is subject to multiple international sanctions for its nuclear weapons and ballistic missile programs. Nuclear talks with Washington have been suspended since the failure of the Hanoi summit in February 2019 between North Korean leader Kim Jong Un and then-US President Donald Trump. North Korea is interested in cryptocurrencies to trade or receive external funding while circumventing international sanctions.

Also read – Swedish central bank governor compares bitcoin with stamps

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