The US Department of Justice is prosecuting the operator of a payment platform that flouted economic sanctions using cryptocurrency. As reported by The Washington Post, it’s possibly the first criminal prosecution of crypto-related sanctions evasion — underscoring both the technology’s potential for getting around financial blocks and its traceability by law enforcement.
District of Columbia Magistrate Judge Zia Faruqui revealed the prosecution’s existence in an opinion on a still-sealed case, omitting the name of the payment platform as well as the “comprehensively sanctioned country” it dealt with. (There are five such countries: Iran, North Korea, Syria, Cuba, and Ukraine’s Crimea region.) The operator apparently used an exchange to...
Keep it Clean. Please avoid obscene, vulgar, lewd,
racist or sexually-oriented language. PLEASE TURN OFF YOUR CAPS LOCK. Don't Threaten. Threats of harming another
person will not be tolerated. Be Truthful. Don't knowingly lie about anyone
or anything. Be Nice. No racism, sexism or any sort of -ism
that is degrading to another person. Be Proactive. Use the 'Report' link on
each comment to let us know of abusive posts. Share with Us. We'd love to hear eyewitness
accounts, the history behind an article.
(0) comments
Welcome to the discussion.
Log In
Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.