Mattis signals that large-scale US-South Korea military exercises could restart

North Korea will reportedly host its own cryptocurrency and blockchain conference

The decision came after the administration received a letter from North Korean officials complaining about the U.S.'s reluctance to advance a peace deal, according to CNN, and refusing US demands to give up 60% to 70% of its nuclear warheads, according South Korea's Channel A TV.

"This includes suspending Freedom Guardian along with two Korean Marine Exchange Program training exercises scheduled to occur in the next three months", DoD said in a statement.

But he added that if they did restart, the exercises would be "bigger than ever".

It came a day after Defense Secretary Jim Mattis said the Pentagon was not planning to suspend any more military drills, before appearing to backtrack on Wednesday by insisting "no decisions" had been made on the matter.

China, North Korea's traditional ally and main trading partner, joined the U.S. in adopting tough global sanctions against Pyongyang in 2017, which the Chinese government says it is still enforcing.

He said perhaps there could be simultaneous gestures, such as a USA political statement on the end of the Korean War in exchange for North Korea declaration of denuclearization, accompanied or followed by an inventory or some meaningful list of nuclear facilities or sites.

The move was broadly criticized as a premature concession to North Korea, which has resisted US efforts to persuade it to give up its nuclear weapons. The inter-Korean summit would focus on denuclearisation "regardless of whether Secretary Pompeo visits North Korea or not", the South Korean presidential office said on Thursday.

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In his first press conference at the Pentagon since April, Mattis also took questions on USA military policy toward Yemen, Turkey and Iran.

A research unit of South Korea's state-run Korea Development Bank (KDB) has compiled a report suggesting that North Korea has been mining cryptocurrencies, Yonhap News Agency detailed Monday. -China trade disputes, and other differences, they will be resolved in time by President Trump and China's great President Xi Jinping'. He also called China out for putting pressure on North Korea, criticizing the Chinese government's role in the crisis. The research unit said North Korea launched an effort to mine bitcoin between May and July past year, especially as a means to work around global sanctions, including banking and finance sanctions.

The KDB noted that North Korea was not left out of 2017's crypto craze either as the nation mined the pioneer cryptocurrency between May and July past year.

"I don't have a crystal ball right now", he said.

On Wednesday, State Department spokeswoman Heather Nauert told reporters that Washington believes 'denuclearization has to take place before we get to other parts, ' confirming that included such a declaration.

"I don't know if it is off the rails as much as they aren't making progress on key issues".

Cronin said the reason sequencing matters to the administration is that "without the significant meaningful steps of denuclearization the United States does not support a peacemaking process that is one-sided and that is favorable to North Korea".

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