RATE Group | Cryptocurrency Attendees Avoid North Korean Conference
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Cryptocurrency Attendees Avoid North Korean Conference

15 Jan Cryptocurrency Attendees Avoid North Korean Conference

Posted at 10:48h in Cryptocurrency News by

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Experts at the United Nations (UN) warn attendees of upcoming cryptocurrency conference in North Korea they could be cited for sanctions busting

Sanctions experts from the United Nations (UN) have issued a stark warning to people wishing to attend a cryptocurrency conference in North Korea in February.

The experts warned that any attendees for the event on 22 to 29 February in North Korea would likely be flagged for violating UN sanctions against the isolated country.

This is according to a confidential report due to be submitted to the UN Security Council later this month, Reuters reported.

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Sanctions risk

It comes after independent UN experts told the council in August that North Korea had generated an estimated $2 billion for its weapons of mass destruction programs using “widespread and increasingly sophisticated” cyberattacks to steal from banks and cryptocurrency exchanges, Reuters reported.

It should be remembered that North Korea has been…

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