Cryptocurrencies have long been seen as the Wild West of money transfers, but few online payment and money transfer platforms have been as blatant in appealing for illicit cash as this one. The platform, highlighted but not named in a memorandum opinion unsealed on May 13 in the US District Court in Washington, DC, was based in a “comprehensively sanctioned country”—likely North Korea, according to those within the crypto law space—and advertised its services as evading US financial sanctions.

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