Bitcoin Forum

While South Korea is fast becoming a formidable force to reckon with in the global cryptospace, it’s North Korean brother has been more interested in using its distributed ledger technology expertise to wreak havoc on the world.

In similar, more law-abiding news, a report from Yonhap on August 27, 2018, indicated that North Korea may be looking towards launching a cryptocurrency exchange rather than the next Ransomware.

https://btcmanager.com/north-korea-moving-crypto-exchanges-mining/

It is not a surprise, Korea in front of the whole world and it always gets profit in the first wave of project's incomes. I suppose that they will be the leader soon.

I really don't see what the concerns with energy are. If people are paying for it, why does China care? Do they subsidize energy costs or something, doesn't really make sense to ban something that people pay for themselves. That's like saying you can't spend your own money how you want. What if you had a solar array, would they still have an issue with your energy usage? Either way, glad that countries are stepping up to the plate, even though cryptocurrency mining is almost dead.

really so? a new step for electronic money. More and more countries accept, opportunities electronic money will increasingly popular. A bright future for coin

North Korea has always been a crypto friendly country and the people are much enthusiastic towards cryptocurrency after the peak bitcoin reached last year. It is really good and was expected that North Korea will launch cryptocurrency exchange.

I think it’s a great step. Korea will become more popular among this particular project and i believe this country will lead the market soon.

This is really great that North Korea is taking steps about crypto currency based on this will be beneficial for them but it s matter that there is trouble based on malware attack so they should aware of this.

This is awesome that North Korea is moving through the crypto market based on this situation this market will raise again but it is a matter that written in article this will face malware attack which is really disappointing.

That's a good news. Sooner or later, every country in the world will accept cryptocurrency because cryptocurrency is the future to the digital transaction system. North Korea's step towards cryptocurrency is another big example of this.

Even though this is a great news that North Korea is taking an interest in the crypto market, but there are a couple of news that would be of great worry. According to the link in the post, it says that North Korea launched malware attacks on the South Korean email IDs to gain access to their wallets. This was even backed up by great. If this is true, then we have trouble coming.

This might be a bit of concern because the article says that GReAT found out that malicious bots were sent to attack the personal email addresses of those who have wallets. And this was specifically done to gain access to the wallets. And North Korea was behind it who did this to South Korea. So all in all, we need to be careful now.

The North Korean government wants to use the blockchain technology in order to break the economic blockade on its own. It is known that many invested in this issue.

As much as it seems like a good thing that the North Koreans have taken an interest in the market, some news were very disturbing. The one were bots were sent out to attack the emails in order to get access to wallets was scary. Let's hope this will not be the real reason behind it.

Korea is a progress full country. They will be reach in a good position. It’s a great news for the crypto world that Korea move for crypto and mining. It will create another progress for both country and crypto world.

Korea is an advancement full nation. They will be reach in a decent position. It's an awesome news for the crypto world that Korea move for crypto and mining. It will make another advancement for both nation and crypto world.

North Corea is heavily restricted by the international laws and treaties and the money laundering prevention systems. Even if they mine, they can´t cash it, or not easily at least.

Cryptocurrency in the Asian countries are now becoming very rampant and I think its time other continents does the same so that our mother coin will gain a huge popularity on the market. 

Countries are using all the advancements of technology they have to their disposal and trying to use it to their advantage for a long time now. There's nothing we can do about what North Korea is intending to do. If they harness the advantage of crypto and DLT technology then it should a step for the crypto space regardless of how small it is.

This advanced nation moving to crypto currencies and crypto market due to its necessity. They accepting and validating crypto due to there fure invest. I think in near future most of the country will validate and accept this crptoes.

All these buzz and fuss just directs towards the power and promise the blockchain and Distributed ledger technology holds and both of them are from the crypto sector which is altogether a good news for the technology's advancements but we can only pray that North Korea doesn't use it for mass destruction.

crypto market are become famous day by day. people are now know the value of crypto market. all country should involve crypto currency on their currency to make their currency future better.

It is positive news for cryptocurrency community. I also read that Kim Jong Un the  leader of North Korea  will hold a Blockchain conference in his country next months. I hope this will blow a new wind to crypto market.

North Korea has everything that is not accepted by the world, they go in defiance of. I can not say that this is wrong, but sometimes they are really flirting and believe that they can do everything. Let's see how this will help them in their development.

North Korea is a closed and backward country. He is being subjected to economic sanctions by Western countries headed by the United States. North Korea’s participation in cryptocurrencies should be attributed to the government. This also shows that the North Korean government is slowly opening up.

I truly don't perceive what the worries with vitality are. On the off chance that individuals are paying for it, for what reason does China mind? Do they finance vitality expenses or something, doesn't generally bode well to boycott something that individuals pay for themselves.

unfortunately because of some unknown reasons at the beginning most of countries were against cryptocurrency and it's system as well so I am very glad that now situation are changing for us so I am really hopeing for a more better future

A welcome development for the crypto world.

North Korea not big player in this crypto world, this do not change situation on the market.
Its interesting to see how it be reallized on this kind of closed country

who is the developer? Is the community in North Korea isolated from the internet? even all Koreans cannot access the internet
living in North Korea is very difficult, unless you are a descendant of Kim Jong Un, maybe you can do anything you like if you are the brother of the president

A news that represents that Crypto-space is really a decentralized space covering everywhere in the world, will someday lead the world. But mentioning Ransomeware here was not pleasant. China is not fully corruption free that doesn't make it a crypto thief country, as NK as well. We need to be potentially positive.

After all the hype with digital currency and related technology it was a matter of time for whole Korea to jump in the hype train and try to use the technology to their desired outcomes. Now, if that is to destroy the world then we should be concerned about that, but honestly, the technology is too good to be used against humanity, don't think North Korea will do any such thing.

It's anything but an amazement, Korea before the entire world and it generally gets benefit in the primary rush of the task's earnings. I assume that they will be the pioneer soon. Looking forward to the upcoming news.

It's not a new news, NK was coming to crypto space from a long ago. NK has a good potential to develop in crypto-space as Neighbouring South Korea has started developing. Crypto-space is a non-regulated potential place for invest and hunting coins.

Their leaders are really genius and wants their country to step up in the world.
they know that new technology needs support and fiat will be gone soon.
they just want to be the first in line and maximize the knowledge before crypto takes the whole world.

Step by step, every country in the world will come forward to Crypto- space as I assume. But we have to look it in a positive way as it will enrich the market. The way China is seeing this is merely a right perspective. It is comparable to the USA to be strong in defense but in the case of other countries to defy.

Not only korea,many other country of europe go ahead and with digital currency and hope in future they will have bright future with crypto and blockchain technology.

Surprisingly it is a good news from a county like North Korean with strict rules. Once more county started to follow these countries the future of the crypto will not be a bad one.

Cryptocurrency in the Asian countries are now becoming very rampant and I think its time other continents does the same so that our mother coin will gain a huge popularity on the market.

that is a wonderful news, at the beginning cryptocurrecy market has to face lots of problems and a ligation but as the day are passing the day are passing the world is understanding it's important and hopefully very soon like Koren more other countries of the world will accept it

I think every country has some reserves to mining bitcoin and cryptos and I know for sure that some goverments are gathering a lot of cryptos but this is nothing new what is new is the fact that we enter in a new pahse of bitcoin when mass adoption start to rally.

In South Korea  officials have warned that the speculative mania surrounding Bitcoin and its peers is dangerous. South Korea has a vast experience about cryptocurrency. On the other hand North korea wants to do the same as South Korea.

I believe that now every positive news in crypto will bear a general positive background behind which we will hope to grow. As for North Korea, then of course it's good if one more country will use crypto currency for a while. All this once again confirms that blockchain technology is developing and increasingly covering countries.

Willingly or unwillingly many nations are now in these well they are some how to the cryptoworld and there been many ransome attacks and also many countries are looking forward to adopting cryptocurrency. north korea is one of the most powerfull countries in the world. so they dont  want to stay behind from the world . its a very ggod news for crypto investors.

North Korea regime is  looking for incomes streams.I think they will welcome Chinese miners
who are looking for place where they can run his business
Is this good or bed for sure it will not change life of Korean people living under regime shoe

The media got you boys in a frenzy.  North Korea has no central bank.  The powers that be want central banks in all countries.  This is why America is attacking Libya, Iraq, Syria, and North Korea.  These are the only countries left with no central bank.  The north Koreans most likely are not all that bad and we are simply being deceived by the media. 

Good news this can help for the people losing their faith about for almost a year cryptocurrency is in the drop
Hope someday this news can help for cryptocurrency waking up again their value at the market

That’s a very good decision for them I believe. As the world is pressurizing this country economically for their behavior I think this is the way they will be able to find economic freedom and competency

I think this is very positive thing for the whole crypto market. I hope they will bring a fair competition to the crypto world and will offer various facilities to the investors all over the world

For countries with a weak economy, the involvement in the sphere of the crypto industry is optimal. So they can bring the economy to a new level.

Well they are large exporters of coal, and that's just 1b$ per year so it's not really that big amount, they could easy top it with transforming that coal-electricity-crypto and they have more coal then they can sell. And with all canctions they have crypto would be perfect source of income. I dont think that it would be good news for community cos they will dump all coins they mine, they will never be interested in tehnology or community just profit!

indeed the two countries are always hostile and always want to be the best, I think will be more interesting and North Korea can become one of the centers of promising crypto, just like South Korea today.

Its true, every country should start moving now adopting cryptocurrency because if they don't for sure other countries will over power them. If this is true, a great move for North Korea since that country really wants to control its people, hopefully they are more transparent this time as cryptocurrency is more on making a transparent transaction in a good way.

While South Korea is rapidly transforming into a significant capacity to figure inside the overall cryptospace, it's North Korean kin has been more propelled by using its passed on record development expertise to wreak demolish on the world.

The cost of bitcoin and the altcoins hit the moon a year ago, with numerous crypto devotees wandering into the crypto mining business to get their offer of the cryptographic money cake.

Throughout September a year back, more reports built up that North Korea had moved malware ambushes on the individual email records of workers at striking South Korean computerized cash exchanges an offer to get to their crypto wallets.

That’s a great news for crypto currency and crypto holders. The more it will be recognised,the more opportunities will began. Thanks to north korean government for accepting this.

Korea is a much developed country in the world. If they use crypto currencies and coins in many ways,that will be profitable. Besides, other countries will also take a step ahead for crypto.

it's something interesting. I think North Korea will surprise us, but this is good in General for the crypto world. so gradually all countries will accept cryptocurrencies and technologies for themselves.

It is a great news for crypto currency and its future. As a one of the most developed country, north korea has started accepting crypto,then there is a bright future for cryptocurrency in korea.

Wow, this is an incredible news for digital currency and its future. however, this is great in General for the crypto world. Korea is a much-created nation on the planet. they utilize digital forms of money and coins from multiple points of view, that will be gainful. Now each nation should begin moving presently receiving crypto money. I think this is the positive thing for the entire crypto world.

It is no surprise that north is trying to involve in the crypto market. But I doubt their capability to dominate the crypto market so soon. As more countries are trying to gain that position

This is a good news for crypto. I think we will see more countries who are being hit by economic sanctions to adapt crypto currencies.

I just read about the message from 2025, I do not know if it is true, but he succesfully predicted that price in 2017 will be 10,000USD for one Bitcoin (predicted in 2013) and he told that North Korea will be one of the biggest holder of Bitcoin!!! And maybe this is the beginning.

Government has their own rules to ban or not, they have their own reason so its not always has something reasonable for people.
Although people dont like the government decision, but nothing to do because they can do anything they like.

for me, North Korea is a mysterious country. I wonder what's going on. but this news in my opinion is a big step for the crypto industry , let's see what will be further

It's not so surprising because korea staying ahead now-a-days with crypto and electrical exchange. And it will take their finance in top level success in future I hope.

North Korea is currently very limited by international laws and agreements and money laundering prevention systems. Even if they mine, they cannot withdraw it, or at least not easily.

I believe that North Korea has much more significant problems with the economy. They have no time to deal with crypto currency. I think that their state will not repeat the destiny of Venezuela and issue its own cryptography.

I think it’s a very good initiative by North Korea. Many countries took this kinds of initiative and I hope Korea will do much better in this area. Korea has already solid field about this Market.

But the internet connection on those area is too limited or I mean restricted specially if you are ordinary citizen on North Korea. This is a quite questionable specially on the current status of that country.

Are you sure of what you are saying about? Maybe you need to see first all the news about that N. Korea specially the situation of their people and other communication system of it. You will shock of how limited their internet to connect to other countries, that is a big question there.

North Korea is getting harder to rypto. I suppose, that they will develop this deal with crypto and they common situation in economic will has more opportinities for future improving.

Half of the people on this thread don't know that north and south korea are 2 different countries. I don't know are they kids or just really stupid spammers...

well done doing the right thing . they will take leading positions )))

I think there is nothing wrong with that as long as they don't hurt any people. It is their territory and it's their jurisdiction what they want in their country and to be updated in a new technology that will emerge in the future.

If that happens it might be good for the advancement of North Korea, because as far as I know there is internet and the computer is very limited by their leader.
Cryptocurency mining requires computer, electricity and internet equipment and all of that is limited by its usage.

Maybe North Korea see a better future in their economy that's why they are not pursuing the opportunity of Cryptocurrencies. In the future, more and more country will invest in it resulting to further development of more cryptos which will be beneficial as a replacement to bank notes and local fiats. It's a good news for us.

Mining will be outside soon and exchanges are nice to be here. North Korea is in front of the crypto's development and I am happy that they take an active part.

I think that it is connected with their good development of the militart industry. With crypto it will be easier to manage money there because it is anonymous. I don't blame them, if I were them, I would do this as well.

Thats not good at all, because there are millions of $ in bitcoin every day mined and dumped on the market, and when country start to mine with their resources thats dump for sure!