North Korea Is Expanding Its Monero Mining Operations, Says Report
North Korea may be boosting its monero mining efforts to circumvent sanctions and avoid being tracked.
Experts on North Korea say the country’s $1.5 billion cryptocurrency war chest is used to fund an illicit web of trade networks and supply chains.
The U.S. Treasury Department's Office of Foreign Asset Control has added two individuals and 20 bitcoin addresses to its sanctions list, accusing them of being part of the North Korea-affiliated Lazarus Group.
Legislation proposed this week would make it increasingly difficult, and risky, for cryptocurrency exchanges to sell bitcoin in Iran.
Iranian General Saeed Mohammed is calling for the use of crypto to help Iran evade sanctions designed to isolate it from the global financial system, according to Coinit.ir.
Tensions with Iran may be behind U.S. Treasury Secretary Steven Mnuchin’s cryptocurrency compliance comments on Wednesday.