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Bitcoin ‘Mining’: A New Way for North Korea to Generate Funds for the Regime

by Qin Chen
CNBC.com

North Korea appears to be funding itself with bitcoin, according to a recent report. Recorded Future, an intelligence research firm backed by Google Venture and In-Q-Tel (a venture capital firm funded by the CIA), reported that North Korea began “mining” bitcoin on May 17 and could be using the digital currency to generate income for the regime.

The United Nations Security Council on Monday unanimously approved new sanctions against North Korea, the harshest yet — capping North Korea’s oil imports, banning textile exports, ending additional overseas labor contracts. Bitcoin “mining” could become a viable income source for this further-isolated nation that’s craving nuclear weapons.

Continue Reading at CNBC.com…

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