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Country Behind Global Ransomware Attack Targeting Southern Asia Crypto Sector – Report

Just like Iran, North Korea could also increasingly use cryptocurrencies to evade US Sanctions. However, in the case of Iran, the country plans to develop its own cryptocurrency as an Iranian version of SWIFT wherein North Korea targets growing the crypto sector in Southern Asia.

Accordingly, the country’s leader, Kim Jong-un issued the deadline addressing Donald Trump that he will further talk only if the US follows the right attitude. As a result, North Korea could use cryptocurrencies such as Bitcoin to bypass international sanctions and to fund nuclear program running.

Crypto to Avoid US Sanction

North Korea has been under US Sanctions so long but and will now be using Southeast Asia’s cryptocurrency sectors. To note, South Asia is on trend as cryptocurrency sector which study shows ‘vulnerable to North Korea’s cyber activities’. It was first reported by the Royal United Services Institute (RUSI) which publishes a 66-page report and mentioned North Korea’s aggressive move…

Read Full Story : Coingape

2019-04-15 11:33:48

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