The United States crackdown on cryptocurrency continues to show more results, with two North Korean individuals indicted for laundering money using Bitcoin.
Jiadong Li and Yinyin Tian were accused of stealing more than half a billion dollars in crypto in 2018, with the individuals being officially charged with conspiracy to launder monetary instruments and operating an unlicensed money transmission business.
The funds were allegedly used to bolster North Korean hacking campaigns, with U.S. Attorney Timothy J. Shea of the District of Columbia calling it a “..grave threat to the security and integrity of the global financial system,” in a press release.
The cryptocurrencies used were not exclusive to Bitcoin, but included Ethereum, XRP, and Litecoin, among others.
It seems, as the days go on, we should be hearing more from the US Treasury department in regards to crimes related to cryptocurrency. With these crackdowns, a lot more legislation work towards crypto technology is going to happen and will no doubt have a huge impact on the crypto market.
