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U.S. Sanctions Virtual Currency Mixer Connected to North Korea (1)

Byadmin2

May 6, 2022
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Might 6, 2022, 1:34 PM

The U.S. Treasury Department on Friday approved Blender.io, a virtual currency mixer it stated was connected to North Korea’s hacking and cash laundering activities.

The action marks the very first time Treasury has actually approved a so-called “mixer,” which is utilized to conceal the origin of illegal funds.

” Today, for the very first time ever, Treasury is approving a virtual currency mixer,” stated Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson. “Virtual currency mixers that help illegal deals position a risk to U.S. nationwide security interests. We are doing something about it versus illegal monetary activity by the DPRK and …

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