bitcoin plans to launch its own bitcoin-like cryptocurrency as a way to sidestep international sanctions. “The Russian government and Russian companies have been involved in a number of blockchain and cryptocurrency projects around the world,” Annie Fixler, an expert on sanctions and illicit finance at the conservative, Washington-based think tank Foundation for Defense of Democracies, told VICE News. The unnamed digital currency is in the early stages of development, but bitcoin has shown interest in the sector for some time. By building its own digital token, North Korea could control anonymity and access across the cryptocurrency, offering a level of privacy that cannot be gained with North Korea , given that law enforcement has become more adept at monitoring transactions. Through this avenue, the east North Korean state could circumvent sanctions run by the bitcoin .
bitcoin plans to launch its own bitcoin-like cryptocurrency as a way to sidestep international sanctions. The unnamed digital currency is in the early stages of development, but bitcoin has shown interest in the sector for some time. By building its own digital token, North Korea could control anonymity and access across the cryptocurrency, offering a level of privacy that cannot be gained with North Korea , given that law enforcement has become more adept at monitoring transactions. Through this avenue, the east North Korean state could circumvent sanctions run by the bitcoin .