People should not attend a North Korean Blockchain and Cryptocurrency event to be held in February 2020, according to United Nations sanctions experts, In a confidential report due to be submitted to the U.N. Security Council later this month, they flagged it as a likely sanctions violation.

The exclusive news, broken by Reuters, notes that the warning comes after independent UN experts told the council in August that North Korea generated an estimated $2 billion for its weapons of mass destruction programs using “widespread and increasingly sophisticated” cyberattacks to steal from banks and cryptocurrency exchanges.

In April last year, North Korea held its first blockchain and cryptocurrency conference organised by British cryptocurrency fundraiser Christopher Emms who now works for Bitcoin luminary Roger Ver at Bitcoin.com as a business developer – and Special Representative of the Foreign Ministry of North Korea and Spanish citizen, Alejandro Cao de Benós, who was arrested by the Spanish authorities in 2016 for arms trafficking.

After the first event in North Korea held in 2019, American authorities arrested 36-year-old cryptocurrency specialist Virgil Griffith for allegedly helping North Korea use blockchain technology in violation of US sanctions. He could face up to 20 years in prison. On January 7, 2020, according to a Forbes article, a Grand Jury has indicted Virgil Griffith and he will stand trial for travelling to North Korea to teach cryptocurrency and blockchain. He has a doctorate from the California Institute of Technology and works for the Ethereum Foundation, who are up in arms over the charges.

I refuse to take the convenient path of throwing Virgil under the bus, because I firmly believe that that would be wrong. I’m signing. Reasoning below.https://t.co/E44p5caeJO

— vitalik.eth (@VitalikButerin) December 1, 2019 

“As alleged, Virgil Griffith provided highly technical information to North Korea, knowing that this information could be used to help North Korea launder money and evade sanctions,” U.S. Attorney Geoffrey S. Berman said in a statement. “In allegedly doing so, Griffith jeopardized the sanctions that both Congress and the president have enacted to place maximum pressure on North Korea’s dangerous regime.”

North Korea has been under U.N. sanctions since 2006 over its nuclear and ballistic missile programs. The 15-member Security Council has unanimously strengthened those measures over the years, prompting Pyongyang to look for alternative ways to make money.

The 2nd Pyongyang Blockchain and Cryptocurrency Conference will be held from February 22- 29, 2020.

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem – Honorary Ph.D. and is Chair Professor of Blockchain at China’s first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford’s Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission’s SME Instrument programme as a startup assessor and as a startup judge for the UK government’s Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work and ideas have been translated into Dutch, Greek, Polish, German and French. A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world. In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, ‘The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

Visit Website

  • UN Warns Public Not To Attend North Korea Blockchain and Cryptocurrency Conference 2020 – January 16, 2020
  • Fiat-to-Crypto Gateway Solution, Banxa, Raises $2 Million USD Series A Round Led By NGC Ventures – January 15, 2020
  • United Africa Blockchain Association Plans to Fire Up Blockchain Adoption – January 14, 2020
  • Thai Actor and Victim’s Bitcoin Buddy Implicated in Kidnapping and Ransom of Singaporean National in Thailand – January 14, 2020
  • Securitize Runs First-Ever IRA Investment In Digital Securities – January 14, 2020
  • NBA Star Spencer Dinwiddie “Tokenizing” His Contract With or Without NBA Green Light – January 13, 2020
  • European Central Bank President Christine Lagarde Says ECB Bullish on Digital Currencies – January 13, 2020
  • Canadian Crypto Company Voyager Digital Completes Acquisition of US Registered Broker-Dealer – January 13, 2020
  • Cogito, Hong Kong-Based Entertainment Studio, Launches Decentralised Autonomous Virtual Horse Racing Game – January 9, 2020
  • Blockchain Bandwagon Company Longfin CEO Settles with US SEC for $400,000 – January 7, 2020
  • Winklevoss Brothers Invest in $5 million Seed Round for TaxBit – January 7, 2020
  • Securrency Secures $17.65 million in Series A funding round Led by WisdomTree – January 7, 2020
  • Measure Protocol Backed with £2m in New Funding for Blockchain-Powered Person-Based Data Marketplace – January 7, 2020
  • The Next Wave of Crypto – Traction is Key – And Mobile Mining is Gaining Massive Adoption – January 2, 2020
  • Google Reverses Metamask Ban from Playstore – January 1, 2020
  • Bankex Launches Token Exchange Engine in Telegram – December 31, 2019
  • Josh Lawler: Distributed Facts — The Missing Link to Solving “Fake News” – December 31, 2019
  • 2gether Adds WAVES to it’s Roster of Cryptocurrencies Integrated to the 2gether Prepaid Visa Card – December 18, 2019
  • 2nd Open Call for EU-Funding Up to Equity-Free €200K Funding for 16 Lucky Blockchain Startups to Build MVPs – December 16, 2019
  • Semiconductor Giant AMD Cuts Marketing Deal with Blockchain Games Distribution Platform Ultra to Push Next-generation Blockchain-powered Gaming – December 13, 2019

View All Articles



Also published on Medium.





Source link

Register at Binance