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UN Claims Hong Kong Blockchain Firm Is North Korean Laundering Sham

News The United Nations Security Council's Sanctions Committee on North Korea has accused the country of using a Hong Kong-based blockchain firm as a front to launder money. As South Korean newspaper Chosun Ilbo reported on Nov. 6, the committee conducted an investigation into the various st..

Sierra Leone Aims to Finish National Blockchain ID System in Late 2019

News The government of Sierra Leone plans to fully adopt a blockchain-enabled national identity system by the end of 2019. United Nations involvedPresident of Sierra Leone Julius Maada Bio reportedly claimed that the new infrastructure will allow financial institutions to verify identities and bui..

UN Official: Cryptocurrency Makes Criminals Harder to Catch

News Neil Wals, chief of the United Nations Office on Drugs and Crime Global Cybercrime Program, warned that cryptocurrencies have made combating money laundering significantly harder. Australian news outlet ABC reported on Aug. 29 that Wals said cryptocurrencies make fighting cybercrime, money la..

BTC-e’s Vinnik Case Drags on as New Accusations Continue Emerging

Recap On July 25, 2019, United States prosecutors filed a complaint against the defunct cryptocurrency exchange BTC-e and its alleged former operator, Alexander Vinnik. The indictment was filed nearly 24 months after Vinnik was arrested in Greece while on holiday with his family and has followed n..

North Korea Stole $2 Billion in Cryptocurrency From Exchanges, Says UN

News North Korea has netted around $2 billion by hacking banks and cryptocurrency exchanges, according to the United Nations (U.N.). UN: Hacked crypto funds weapons of mass destructionIn a confidential report acquired by mainstream media outlets including Reuters on Aug. 5, the U.N. Security Counc..

Venezuelan Petro Against US Sanctions: History and Use of the Crypto

In depth For the entirety of cryptocurrency’s short history, Venezuela has been seen to be among the most striking example of the need for the utility. The South American country has hosted escalating political tension for years, as skyrocketing hyperinflation, electricity blackouts and shortages ..

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