US arrests Ethereum dev for teaching North Korea about cryptocurrency

Welcome to Moonday Mornings, Hard Fork’s wrap-up of the weekend’s top cryptocurrency and blockchain headlines you shouldn’t miss.

Take a look at what happened over the past weekend.

1. Ethereum dev conspires with North Korea

US authorities have arrested developer Virgil Griffith, who has most recently been working at the Ethereum ETH Foundation, for consulting with North Korea on how to use cryptocurrency to evade sanctions.

“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 John Demers said in a US Department of Justice statement.

2. German banks could hold and store crypto from next year

Next year, Banks in Germany will be regulated to offer cryptocurrency products. New legislation in the fourth EU Money Laundering Directive will allow banks in the country to hold and sell cryptocurrency.