Sunday, September 17, 2017

Crypto News: North Korea May Sidestep UN Sanctions with Bitcoin

North Korea May Sidestep UN Sanctions with Bitcoin

The latest round of sanctions imposed on North Korea by the UN is aimed at targeting some of the country’s biggest external revenue streams.

A complete ban on all textiles from North Korea could cost the regime close to a billion dollars and some insiders say North Koreans are already feeling the squeeze as a result of earlier sanctions.

With bans restricting the flow of money, the country is turning to Bitcoin and other cryptocurrencies to fund their programs, instead of bowing down to pressure.

It is reported that Kim Jong UN’s regime is targeting South Korean cryptocurrency exchanges, with at least three confirmed successful attacks.


Full story at http://bit.ly/2wz6v1b


Source: CoinTelegraph


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