Cybersecurity and anti-money laundering experts believe that North Korea could be using cryptocurrencies to acquire USD. The country is likely developing its own cryptocurrency and private blockchain.
Mining Crypto to Evade International Sanctions
Experts from MirandaFinIntel Consulting recently told Asia Times, that North Korea has increased its use of cryptocurrencies for accessing U.S. dollars and circumventing international sanctions. Financial intelligence analysts Lourdes Miranda and Ross Delston, attorneys specializing in anti-money laundering (AML) and combating the financing of terrorism (CFT), found that the DPRK is most likely trading an assortment of cryptocurrencies and in the process of creating its own.