North Korea: An expert on UN sanctions has warned that a report due to be submitted to the UN Security Council will be flagging the upcoming cryptocurrency conference in North Korea as a “likely sanctions violation.” This comes after independent experts told the UN Security Council in August that North Korea generated an estimated $2 billion (US) for weapons programs through stolen funds. Those funds were obtained through cyber-attacks on financial institutions around the world, including cryptocurrency exchanges. Last year, following North Korea’s first blockchain and cryptocurrency conference, an American who participated was charged with violating sanctions.
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