{"id":392385,"date":"2019-08-06T20:00:02","date_gmt":"2019-08-06T20:00:02","guid":{"rendered":"https:\/\/wncen.com\/?p=392385"},"modified":"2024-06-11T13:46:21","modified_gmt":"2024-06-11T13:46:21","slug":"north-koreas-crypto-bitcoin-crime","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/north-koreas-crypto-bitcoin-crime\/","title":{"rendered":"North Korea\u2019s Crypto Cyber Attacks May Further Fuel US Fear of Bitcoin"},"content":{"rendered":"

The biggest topic of discussion around the crypto space in recent weeks has been the United States and the sudden negative stance<\/a> it has taken against Bitcoin and cryptocurrency ever since Facebook Libra came into the limelight and shook up the space. Politicians from the country, even the President have come out of the woodwork to attack crypto for its illicit use in criminal activities such as ransomware<\/a>, cybercrime, and money laundering.<\/span><\/p>\n

A report from the United Nations on the development of North Korea\u2019s weapons of mass destruction program suggests that the rogue nation has recently made strides in funding its criminal operation using cybercrime attacks its carried out on cryptocurrency exchanges. The report is likely to only further fuel concerns surrounding Bitcoin<\/a> and other crypto-assets being used for crime.<\/span><\/p>\n

After US Blasts Bitcoin, Cautions Crypto, North Korea Underscores Illicit Use<\/span><\/h2>\n

A few weeks back, United States President Trump tweeted about his distaste over Bitcoin, crypto, and Facebook Libra, and since then nearly every major regulator has started taking a closer look at the digital asset class.<\/span><\/p>\n

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I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity….<\/p>\n

— Donald J. Trump (@realDonaldTrump) July 12, 2019<\/a><\/p><\/blockquote>\n