You probably heard that there are newly imposed sanctions against North Korea.

But I’m told the nations that put those sanctions in place are worried North Korea is getting around them by using the bitcoin market to get secret financing.

And I’m wondering if that’s the reason China, which seems to be on board in pressuring North Korea, recently shut down bitcoin markets.

Bitcoin is a “bitcon.” A Ponzi scheme — at least until the world realizes that the cryptocurrency can be used by people (and countries) for illicit purposes.

Don’t be surprised if other nations follow China’s lead and ban — as I like to call them — bitcons.