9h 4min, jan 8, 2018 y - Cryptocurrency may be getting quietly channeled to North Korea university: report

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Cryptocurrency may be getting quietly channeled to North Korea university: report

“With economic sanctions in place, cryptocurrencies are currently the best way to earn foreign currency in North Korea’s situation. It is hard to trace and can be laundered several times,” said Mun Chong-hyun, chief analyst at South Korean cybersecurity firm ESTsecurity.

Cybersecurity firm FireEye cited in a November blog post a series of North Korean activities against South Korean cryptocurrency targets such as exchanges. Analyst Luke McNamara wrote that “it should be no surprise that cryptocurrencies, as an emerging asset class, are becoming a target of interest by a regime that operates in many ways like a criminal enterprise.”

https://www.reuters.com/article/us-northkorea-cryptocurrency/cryptocurrency-may-be-getting-quietly-channeled-to-north-korea-university-report-idUSKBN1EX1D3

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