North Korea says it's building a cryptocurrency "like Bitcoin" to sidestep sanctions

posted 29 days ago
North Korea is working on building its own cryptocurrency to get around the tough international sanctions. Development follows a similar project from Venezuela, which launched its oil-backed petro token last year – also to avoid U.S.-led sanctions.

The official managing North Korea’s cryptocurrency conferences and a special delegate for the nation’s Committee for Cultural Relations, Alejandro Cao de Benos said the currently unnamed token is expected to be “...like Bitcoin...”
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