North Korea Encroaches on Burgeoning Crypto Sector in Southeast Asia
North Korea, an authoritarian state that has been under UN sanctions for more than 40 years, could rely on cryptocurrencies in order to circumvent these sanctions. According to the recent CNBC article, which cites a new report published by the Royal United Services Institute (RUSI), Kim Jong-un’s ambitions could take a toll on the burgeoning crypto sector in Southeast Asia.
South Africa: Gang Kidnaps 13 Year Old Boy, Demands Ransom of 15 Bitcoins
The kidnappers of a 13-year-old boy in South Africa have demanded a ransom of 15 bitcoins (BTC) - around $120,000 - for his release, The Guardian reported Tuesday, May 22.