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Griffiths also allegedly instructed the North Korean government on how to use blockchain to operate 'outside' the regulated banking industry. Law enforcement officials say Griffiths, who was apprehended in Los Angeles, traveled to North Korea to make a 'presentation' on cryptocurrency, 'knowing' the information could be used to launder money. The United States Attorney's Office for the Southern District of New York has charged Virgil Griffiths with violating the International Emergency Economic Powers Act. citizen for allegedly training the North Korean government to use blockchain. North Korea has long been rumored to use cryptocurrency to avoid Western sanctions, and U.S. The trend, if it spreads, is good news for youth payment apps, which have often struggled in the past few years while continuing to proliferate in anticipation of more young people using digital financial services. Also, 4% of British children ask their parents to pay them directly into digital apps.

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The bank also found the number of children with bank accounts has increased to 23% from 19% in the same time. say they own a piggy bank, which is down 8% in just one year, according to Halifax.

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