Uh oh, sounds like Bitcoin needs to be regulated under prohibited country rules…
Content originally published at iBankCoin.com
» They’re building a cache of bitcoin, if you think about it. It’s an anonymous currency, it can easily bypass any sort of sanctions because there are none on bitcoin, and the value has increased dramatically, » Kurtz told CNBC’s « Squawk Alley. » « It’s the perfect currency for North Korea to be hoarding. » – CNBC
Can someone say » prohibited country » regulations?
The opinion comes on the heels of an op-ed in the WSJ by Homeland Security advisor Tom Bossert, who says North Korea was behind the WannaCry ransomware hack earlier this year, which demanded ransom in bitcoin.
The U. S. government has assessed with a » very high level of confidence » that a hacking entity known as Lazarus Group, which works on behalf of the North Korean government, carried out the WannaCry attack, said the official, who spoke on condition of anonymity to discuss details of the government’s investigation. – CNBC
The WannaCry hack is said to have cost billions, crippling hospitals, banks and companies around the world – and « highlights the capabilities that North Korea has in cyber, » according to Kurtz.
