For the first time, a court in the United States has ruled on punishment for circumventing sanctions using cryptocurrencies

A Washington court has upheld an indictment issued by the US Department of Justice for transferring digital assets to individuals from sanctioned countries using cryptocurrency.

The DOJ, and later law enforcement, suspected the American of transferring more than $ 10 million worth of bitcoins to circumvent economic sanctions.

The defendant bought and sold bitcoins using an American cryptocurrency exchange. He then sent the digital currency to foreign crypto exchanges. After that, he transferred the private key to the cryptocurrency wallet to a user from a country under sanctions.

Very little is known about the trial, as the guilty verdict was not broadcast. However, this is the first such decision in the country.