US to impose sanctions on bitcoin 'mixer' company for aiding NKorea
Representation of the virtual currency Bitcoin is seen on a motherboard in this picture illustration taken April 24, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
The Unite States announced sanctions Friday on virtual currency mixer Blender.io, saying the service was used by a North Korean cyber hacking group to support weapons programs, the Treasury Department said.
The Treasury Department said the case marks the first US sanctions on a virtual currency "mixer," which is used to conceal participants in transactions involving Bitcoin and other cryptocurrencies.
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