Tag Archives: Korea

North Korea allegedly supported two cryptocurrency scams this year

[ad_1] According to a new report by the US-registered security company, Recorded Future, released October 25, the North Korean government has sponsored at least two fraudulent coins. In the report titled "The patterns of change in Internet use reveal the adaptable and innovative North Korean government elite", the Recorded Future …

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North Korea uses cryptocurrency to circumvent US sanctions

[ad_1] Two prominent Washington-based financial experts said North Korea uses cryptocurrency assets like bitcoins to cope with current US sanctions. Because cryptocurrency-based transactions are decentralized and executed through an unregulated blockchain network, the country is still able to do business with the United States discreetly. In a recent interview reported …

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Korea beats Samsung's blockchain technology to combat customs fraud

[ad_2][ad_1] The South Korean customs authority is trying to adopt Samsung's blockchain technology as the backbone of a decentralized clearance system. Samsung SDS, the IT branch of the conglomerate, said that the Korean Customs Service has signed a memorandum of understanding (MoU) that will see the blockchain of Samsung used …

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Iran, North Korea and Venezuela turn to cryptocurrency to get around US sanctions, experts warn

[ad_2][ad_1] Countries including Iran (left-wing leader Hassan Rouhani), North Korea (Kim Jong-un center) and Venezuela (Nicolas Maduro) are turning to cryptocurrencies to circumvent US sanctions American rivals are turning increasingly to bitcoin-style cryptocurrencies after their economies have been brought to their knees thanks to paralyzing US sanctions, warned the experts …

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