North Korea finances TBML with US$1.5 billion war chest
North Korea continues to import and export goods despite extensive sanctions imposed on it by using trade-based money laundering (TBML) techniques and finance from a US$1.5 billion cryptocurrency war chest according to experts who participated in a webinar organised by Chainanalysis.
The blockchain analysis company said it is comfortable with the US$1.5 billion figure stated in a recent webinar, even though documentary evidence to support this estimate appears to be needed and the figure represents a substantial increase on estimates that the country holds between US$200-500 million of cryptocurrency.
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