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US Sanctions Two Russians Accused of Converting Crypto for North Korea
(3 hours ago) · 1 source · Summarized by CryptoBipto
The United States has sanctioned two Russian nationals accused of converting approximately $5.5 million in cryptocurrency on behalf of North Korea. The individuals allegedly helped North Korean actors cash out crypto through mainstream exchanges.
WHY IT MATTERS
Sanctions are penalties that a government places on individuals or organizations to prevent them from using the financial system.
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SOURCES
- beincrypto.com
RELATED
SanctionsNorth KoreaMoney LaunderingAML ComplianceCrypto Exchanges