UN sanctions experts warn: stay away from North Korea cryptocurrency conference


A North Korean flag at the Permanent Mission of North Korea in Geneva October 2014. North Korea has been under UN sanctions since 2006 over its nuclear and ballistic missile programmes. — Reuters

UNITED NATIONS: United Nations sanctions experts are warning people not to attend a cryptocurrency conference in North Korea in February, flagging it as a likely sanctions violation, according to a confidential report due to be submitted to the UN Security Council later this month.

The warning comes after the independent UN experts told the council in August that North Korea generated an estimated US$2bil (RM8bil) for its weapons of mass destruction programmes using "widespread and increasingly sophisticated" cyberattacks to steal from banks and cryptocurrency exchanges.

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