Two U.S. experts told Asia Times how North Korea may be involved in cryptocurrencies. Ross Delston, an independent Washington-based attorney and expert in anti-money laundering and combating the financing of terrorism and Lourdes Miranda, an independent financial intelligence analyst and a financial crimes investigator claimed that North Korea is widely using cryptocurrencies to circumvent U.S. sanctions.
It was also stated that it was likely that Pyongyang was involved in not only cryptocurrency trading but also created its own cryptocurrencies.
Miranda and Delston concluded that North Korea could create its own online wallet to store, receive and send cryptocurrencies into European online wallets that have limited or no Personally Identifiable Information (PII) requirements and do not have US sanctions imposed against them.
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