cryptocurrencies

An American man who helped North Korea evade US sanctions through cryptocurrencies has received a jail sentence of more than five years. Virgil Griffith had visited Pyongyang to tell officials how to use digital currencies. He pleaded guilty to ... breaching the International Emergency Economic Powers Act. The act allows the US president to limit the ways US citizens carry out commerce abroad by declaring an international emergency. One such limitation, introduced in 2008 and renewed annually, blocks US citizens from exporting technology, goods or services to the US. Griffith violated that ... (view more)

The Indian government plans to outlaw cryptocurrencies such as Bitcoin. The measure is expected to become law, though it's unclear if it will be enforceable in practice. Politicians in the country have long been hostile to cryptocurrencies, which ... use blockchain technology. That's where all transactions are recorded on a digital "ledger" which exists as multiple copies across the Internet, removing any central control. India's government previously banned "real world" financial institutions from providing any services to cryptocurrency operators, for example in exchanging the virtual ... (view more)