Fake News Alert: North Korea Funding Development Of Weapons Of Mass Destruction With Cryptocurrency, Claims UK Institute...

No comments

According to the Royal United Services Institute (RUSI), North Korea is using cryptocurrency to 'fund their weapons of mass destruction' development program.

So prepare yourselves to hear about it - because that's all some media outlets will need to justify running scary headlines, dishonestly presenting the story as a legitimate cause for concern.

However, it's important to remember - North Korea tested their first nuclear bomb in 2006 -  Bitcoin was invented 3 years later.

They cite recent cryptocurrency exchange hacks that were blamed on North Korea, however, it's also important to note that even if all North Korea was behind every hack they were accused of, the total would still be an extremely small fraction of their overall military budget.

Business with China, outsourcing labor, weapons sales, and counterfeiting drugs like Viagra all rank higher than cyber crime on the list of North Korean funding sources - and the 'cyber crime' catagory also includes non-crypto related hacks.

RUSI claims to be the "world's oldest independent think tank on international defense and security" and was founded in founded in 1831 by the Duke of Wellington.

Video courtsey of PTV.
Author: Ross Davis
E-Mail: Ross@GlobalCryptoPress.com Twitter:@RossFM

San Francisco News Desk

No comments