The US Treasury Department is introducing new sanctions against shipping and trading companies that the government says are helping North Korea finance its nuclear program. The move is part of a strategy to limit revenue into the country that could be used directly to fund weapons development programs.
By tightening sanctions, the United States is trying to force the North Korean government to sit down at the negotiating table. However, Kim Jong-un, the supreme leader of North Korea, is not going to change his policy and is trying to circumvent sanctions using cryptocurrency.
Priscilla Moriuchi, an expert on cyber issues in East Asia and the Pacific, estimates that North Korea earns $200 million a year from cryptocurrency sales. This is not enough to finance the expansion of the weapons program, but enough to keep the program open.
Despite the fact that the North Korean economy is suffering from sanctions, nothing can affect the digital economy and North Korea's nuclear program continues to be financed.
Therefore, attacks by North Korean hackers on European and Asian crypto exchanges will not stop, and you should be very careful when it comes to storing your investments.
According to https://www.newsbtc.com
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