The U.S. government has issued a fresh round of sanctions as it cracks down on ransomware, including against a Russian exchange tied to ransomware payments.
BitPay is accused of allowing users in North Korea, Sudan, Syria, Ukraine, Cuba and Iran to transact on its platform despite having IP addresses and other location data about these users.
U.S. government prosecutors have argued against Virgil Griffith defense's attempts to dismiss the case, saying he knowingly and willfully broke the law with his actions.
The Central bank of Iran and the Iranian Ministry of Energy have amended a law that allows cryptocurrency to be used to fund imports.
The Iranian general urged the nation to seek more sophisticated measures to counter the mounting international sanctions, including the use of cryptocurrencies
Virgil Griffith visited North Korea last year to discuss cryptocurrency in violation of international sanctions.
The February conference has been flagged in a confidential report, in which experts warn developers not to attend the event.
The Department of the Treasury is so convinced that North Korea was the source of attacks that it has issued new sanctions against the cyber groups involved.
The U.S. Treasury Department has implemented blocks against Evrofinance Mosnarbank after it was allegedly shown to support Venezuela’s Petro cryptocurrency and was the “primary international financial institution willing to finance” the coin.