U.S Citizen Facing 20 Years in Prison for Giving Blockchain Talk in North Korea

Virgil Griffith is accused of violating the International Emergency Economic Powers Act by giving a presentation on blockchain in North Korea.

Computer expert Virgil Griffith, a U.S. citizen living in
Singapore, has been
with violating the International Emergency Economic Powers Act. The
Justice Department accusing him of conspiring to help North Korea evade
sanctions via blockchain and cryptocurrency. He was in a Los Angeles federal
court on Monday to answer to the charges, which carry a punishment of up to 20
years in prison.

See also: Blockchain for Science: Revolutionary Opportunities and Potential Problems

“Despite receiving warnings not to go, Griffith
allegedly traveled to one of the United States’ foremost adversaries, North
Korea, where he taught his audience how to use blockchain technology to evade
sanctions,” Assistant Attorney General for National Security John C.
Demers said in a statement.

Griffith allegedly attended a blockchain conference in North
Korea even though the State Department denied him permission to do so due to
the sanctions imposed on the country. At the conference, authorities say
Griffith gave the North Korean government valuable information on blockchain,
cryptocurrency, and how to use both to evade sanctions and commit money

According to the criminal complaint, unsealed Friday, Griffith is accused of traveling to North Korea in April to participate in a blockchain conference in the capital city of Pyongyang despite being denied permission to do so by the U.S. State Department due to sanctions imposed against the embattled Asian nation. He is also accused of planning to establish a cryptocurrency exchange between North and South Korea and was planning to purchase citizenship from another country and give up his U.S. one.

“As alleged, Virgil Griffith provided highly…

Source Link