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Silver Bitcoiner
Silver Bitcoiner
Posts: 1215
Joined: Tue Nov 28, 2017 11:26 pm

North Korea Plans on Using Bitcoin to Bypass Sanctions

Thu Apr 18, 2019 3:59 pm

A recently published report by the Royal United Services Institute (RUSI) for Defense & Security Studies, shows how DPRK - Democratic People’s Republic of Korea (North Korea) wants to exploit Bitcoin and other major cryptocurrencies, especially in Southeast Asia, so as to bypass international economic sanctions.

The report also explains 3 key areas (fundraising, stockpiling & circumvention) that could describe North Korea’s cryptocurrency activities.

Read the details in the article of Coinidol dot com, the world blockchain news outlet:


Nickel Bitcoiner
Nickel Bitcoiner
Posts: 108
Joined: Fri Jan 25, 2019 1:28 am

Re: North Korea Plans on Using Bitcoin to Bypass Sanctions

Tue Apr 23, 2019 3:54 am

It is not the first time when countries want to use cryptocurrencies to bypass restrictions. Is it a good tendency or not?

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