The involvement of North Korea in cryptocurrency has always been subject to speculation. A new report seems to indicate that the US wants to gain control of all digital assets tied to this country.<\/p>\n
Various countries around the world are subject to sanctions.<\/p>\n
These sanctions are imposed for a wide variety of reasons, including financial wrongdoings or other crimes.<\/p>\n
In the case of North Korea, it is not difficult to see why these sanctions are put in place.<\/p>\n
Bypassing and evading these rules has been a popular practice in certain regions.<\/p>\n
Over the years, numerous reports have surfaced as to how North Korea is using Bitcoin to evade these sanctions altogether.<\/p>\n
Domestic state-sponsored hacking groups have also been tied to attacks against South Korean exchanges and trading platforms.<\/p>\n
The US is now taking this concept to a whole new level.<\/p>\n
By actively suing to gain control of crypto assets is a very interesting move.<\/p>\n
A total of 113 accounts have been identified, and may be forfeited in the near future.<\/p>\n
As the funds in these accounts are obtained through illegal means, the outcome may be carved in stone.<\/p>\n
That said, controlling the assets is a different matter.<\/p>\n
This is very different from seizing a bank account, as cryptocurrencies have no centralized authority.<\/p>\n
Image(s): Shutterstock.com<\/p>\n
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