Questions tagged [banned goods & services]

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Martino Martino Tue Jul 16 2024 | 6 answers 1036

Could cryptocurrency help North Korea pay for banned goods & services?

Could you elaborate on the potential role of cryptocurrency in assisting North Korea in bypassing sanctions and purchasing banned goods and services? Given the high level of secrecy and technological advancements within North Korea's regime, could cryptocurrencies provide a covert means of financing illicit activities? Are there any specific cryptocurrencies or blockchain technologies that North Korea could utilize to facilitate such transactions? Additionally, what measures are being taken by international agencies and governments to monitor and prevent the use of cryptocurrencies for illicit purposes in North Korea?

Could cryptocurrency help North Korea pay for banned goods & services?

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