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Is North Korea Using Bitcoin to Get Around US Sanctions?

Adam Varga in Markets & Trading

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Adam Varga    + 123

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The latest round of United Nations sanctions against North Korea are designed specifically to prevent Kim Jong Un from obtaining hard currency. Luckily for the Kim regime, there’s always bitcoin. According to former top National Security Agency official, this isolated country, which is facing further restrictions on exports that would bring in desperately needed Chinese yuan, has increasingly been turning to bitcoin to circumvent the sanctions and even support nuclear and ballistic missile program. 

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