North Korea remains unsurprisingly persistent with its nuclear program in the face of new US sanctions — and one former top NSA official claims cryptocurrencies are to blame.
North Korea’s Nascent Cryptocurrency Industry
While the United States looks to cut off North Korea’s income and force Pyongyang to play ball in regards to its nuclear and ballistic missile programs, the dictatorial country is reportedly using Bitcoin and other cryptocurrencies to skirt economic barriers.
Former top National Security Agency official Priscilla Moriuchi recently spoke to Vox about North Korea’s use of cryptocurrencies, where she claimed that the country earns upwards of $200 million by turning cryptocurrencies into cash.
While that’s not enough to fully fund North Korea’s nuclear and ballistic missile programs, it certainly doesn’t hurt. Said Moriuchi:
I would bet that these coins are being turned into something — currency or physical goods — that are supporting North Korea’s nuclear and ballistic missile program.
A Match Made in North Korea
Most cryptocurrencies are founded around the anti-establishment ideals of decentralization, security, and anonymity – which makes them useful tools for a country largely self-isolated from …
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