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North Korea is trying to amass a bitcoin war chest

13 Setiembre 2017
North Korea is trying to amass a bitcoin war chest

The resolution adopted today will significantly reduce North Korea's oil imports, bans North Korea from importing natural gas and exporting textiles, and restricts the number of labourers from North Korea that will be able to work overseas and generate income for the regime. Even the possibility of a military strike on Japan marks a significant deterioration in the regional political environment, and Trump seems to be ignorant of the consequences - or worse, willing to disregard them.

It also includes a ban on North Korean textile exports, which was the country's second largest export category in 2016 after coal and other minerals, and is expected to reduce its revenues by up to $800 million.

"I could imagine such a format being used to end the North Korea conflict", she said.

But how effective will this round - the ninth round in 11 years - be in slowing down or freezing the country's nuclear and ballistic missile programs?

The Justice Department and Treasury Department were reportedly motivated by Pyongyang's increased trade with Moscow when it blacklisted four Russian citizens and one Russian company in August.

Peru's decision to expel Kim followed a similar move by Mexico last week and a public call from the United States last month for Latin American countries to sever ties with North Korea.

Loopholes in economic sanctions have repeatedly been pointed out. "We are done trying to prod the regime to do the right thing" and instead are taking steps to prevent it "from doing the wrong thing".

However, the resolution was concessionary compared to the "strongest measures" initially pushed by the United States. Still, North Korea rejected the measure, and Han said Washington "fabricated the most vicious sanction resolution", according to wire reports.

Hackers linked to North Korea are ramping up attempts to steal bitcoin in order to bring in money for Kim Jong Un's regime, a top cybersecurity firm says. They mandate the closure of joint ventures and the restrict the initiation of new ones without UN approval.

Since the U.S.is revealing its nature as a blood-thirsty beast obsessed with the wild dream of reversing the DPRK's development of the state nuclear force which has already reached the completion phase, there is no way that the DPRK is going to wait and let the U.S. feast on it.

Earlier, the US vowed to apply further pressure if North Korea kept its "dangerous path".

"North Korea has shown, time and again, that it poses a real and immediate threat to both regional and international security", Mr Brownlee says.

"The forthcoming measures. will make the US suffer the greatest pain it ever experienced in its history", North Korea's Ambassador to the UN Han Tae Song said on Tuesday. The two leaders also met on the sidelines on the G20 summit in July.

With fresh U.N. sanctions and bitcoin's skyrocketing value, "the potential windfall from these attacks has risen accordingly", Boland said.