Wednesday 6 November 2019
North Korea has reportedly used a blockchain-focused shell company in Hong Kong to launder money. English speaking Korean news outlet Chosun reports that the United Nations’ (UN) Security Council Sanctions Committee has been prompted to investigate the situation. According to a quarterly report from the UN committee, North Korea set up a “shipping and logistics firm run on a blockchain platform” earlier this year to evade international sanctions. The firm, called Marine China, was run by a single individual. The head of Marine China went by two names, Julian Kim and Tony Walker, and had allegedly attempted to withdraw money from…
This story continues at The Next Web
