U.S. Authorities Arrest Virgil Griffith For Teaching Cryptocurrency And Blockchain
I write about blockchain regulation and policy.
According to a press release from the Department of Justice on November 29, 2019, Virgil Griffith, resident of Singapore and U.S. citizen, was arrested for a criminal complaint where he was charged with violating, “…the International Emergency Economic Powers Act (“IEEPA”) by traveling to the Democratic People’s Republic of Korea (“DPRK” or “North Korea”) in order deliver a presentation and technical advice on using cryptocurrency and blockchain technology to evade sanctions.
I appreciate spreading the word but this is kind of ludicrous. Why on Earth would you want to give that nuke country more power so they can build more nukes? They already have enough middles to obliterate every country around them including China, and Russia. Sure they are not likely to succeed in that but it's likely we will have to spend more money preventing it.