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RSS FeedsAmid Increased International Sanctions, North Korea Turns to Bitcoin for Cash
(WorldNews Asia)

 
 

24 september 2017 03:57:55

 
Amid Increased International Sanctions, North Korea Turns to Bitcoin for Cash
(WorldNews Asia)
 


North Korea´s cash-strapped regime has long sought workarounds to the increasingly harsh international sanctions aimed at tightening the financial noose around its nuclear and missile programs.   Now, according to Recorded Future, an intelligence research firm backed by Google Venture, Pyongyang is making a foray into cyberspace, launching a bitcoin `mining` operation, which saw a dramatic spike in its activity in mid-May. Although the bitcoin activity amounts to only a token amount of funds at this point, there is significant potential for it to become a major source of income for the regime, the company said. Is North Korea´s pursuit of bitcoin, the best-known cryptocurrency used for...


 
10 viewsCategory: General > Asia
 
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