How North Korea is using Bitcoin to fund missile technology/military/war

in #bitcoin7 years ago

"We weren't able to determine the volumes, like how many bitcoin they can generate per certain time period. We could just see activity" according to Priscilla Morouchi. It is unlikely citzens are mining due to no internet access, only a select few people outside of government officials even have the slightest access (emails and North korean approved websites). A country like North Korea can easily purchase warehouses full of ASIC hardware and in turn make money back in ten folds. North Korea has trade cut off from almost every other country in the world, but bitcoin is quite anonymous, and would require a lot of research to determine that it was them. If North Korea is truly mining Bitcoins, than anyone can unknowingly support North Korea's intentions of developing long range missiles, ICBMs and much more. Not to mention another huge price surge could be all it takes to give North Korea the wealth it needs to start War

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