Bitcoin Forum

Is it allowed to use and trade Bitcoin and other currencies in North Korea ? and is there any North korean members of this forum ?

Because I heard even the Internet connection is only available for a few number of people there

I think it is used by some people there, government can't ban Bitcoin as long as there is Internet connection accessibility.

I do not think there are north koreans involved in bitcoin. Everything there is censored so it is impossible that people will learn anything about bitcoin. And even if they have bitcoin if they cannot spend it in their own country, it is practically useless.

If my opinion is wrong, please fix it, I think how they engage in bitcoin while their country, shut out from the outside world, I think if anyone is incorporated in bitcoin, it will be difficult for them, and use it, and Knowledge about bitcoin maybe Up here difficult Gained, and Few people may be able to access it, because the internet is hard to come by, and maybe bitcoin will not be accepted and will be illegal

But they certainly can monitor, trace and steal your funds. You don't think that Kimmy isn't going to seize any bitcoins he sees attached to your IP? Think again. That's not how dictators work.

HA.

Man, they like, gave a dude brain damage because he tried to steal a banner. Yes, a banner. What I would absolutely not be willing to do is piss off an totalitarian government like NK; given the amount of government monitoring of internet traffic, and the amount of censorship; I dont think its really worth it to play with something like this in this particular country. I even have trouble, as I type this, finding the legal status of bitcoin in NK ( i thought it was illegal, but I cant confirm that as I actually look).

Even if bitcoin is totally legal, given the legal climate, is it smart to have undeclared financial value in a regime like this? Seems like a way to get mad prison time, IMO, even if you have good intentions ;)

I think internet access isn't allowed in north korea and also crypto currency cause they can't even use internet it is only allowed in a few ranking officials but i haven't heard north korea accepting bitcoin or any crypto currency they must be only using their own fiat currency to buy good and services. I think even kim jong un doesn't know anything about digital currency they're busy making some nuclear bombs. The only that is here in bitcointalk are from the south korea.

In North Korea it isn't a democratic government, but dictatorship. Use of internet is highly restricted, only a small majority have access to internet. There are some rumors about the North Korean government's interest in bitcoin

1. It is rumored that the WannaCry ransomware is linked to NK.

2. It is rumored that state backed bitcoin mining operations are going on in NK.

3. It is rumored that state backed hackers stole bitcoin from South Korean exchanges.

I think that crazy and demagogue regime of North Korea is not allowing their citizens to get involved with Bitcoin as an official policy. This is one of the few countries where people do not have even the basic freedom to do the things they want to do...sadly people just love it (though we don't know what can be below the surface).

However, as long as there is an internet connection then maybe there can be a few North Koreans who are secretly dealing with cryptocurrency. I heard that there are already some people who got access to internet in this isolationist country.

Let's hope and pray that one day the regime will fall so that a better day can be coming for North Korea.

Any government can NOT restrict or regulate the use of blockchain technology and Bitcoin because it's decentralized.  That's the beauty of the technology itself.  However, they can restrict access to the Internet which would prevent users from accessing the technology.  As another user previously mentioned in the thread, Internet usage is restricted and only available in certain areas of the country.

Not only is Bitcoin allowed in North Korea - the government is mining it themselves. According to recent reports, North Korea is mining Bitcoin and possibly other cryptos as we speak. It is very smart of them, getting ahead of the curve for when the price hits $1,000,000. I don't know if the propaganda about their drought/famine is true, but a few thousand Bitcoins certainly wouldn't hurt to help with that. :P

That's how he control that place no one can complain about that this man controls everything inside his jurisdictions and not even a single person try to contest that Kim will just grab your bitcoin if you dare to use it inside n.korea

If the level of dictatorship has gotten to this height of not able to access the internet as I have read here, then there really something wrong in NK but I am still yet to see a North Korean comment to tell us the real situation of things over there because its all I have read is "I think". Most countries have not come out to accept bitcoin but at the same time did not regulate the internet and that's why bitcoin still thrives for NK then its a different ball game totally.

Bitcoin for me is not allowed in North Korea, most transactions in North Korea are centralized, while bitcoin is decentralized its kind of ironic to me. How will the bitcoin flourish, if the citizens have no internet access. Also the distribution of electricity is limited, only the privilege one can have the supply. so even mining the bitcoin is not recommended.

They can't steal the coins if the wallet is secured enough and if the bitcoiner is using TOR or similar proxies. But the question is the internet available there or not, because without access to the Internet no one can deal with Bitcoin as known.

Well mate, I am in India and no one accepts Bitcoin. That does not make it useless :/

No. Most people in NK don't have sufficient money to buy their own necessities and lose little via transaction costs so it would make little sense for them to invest and/or use Bitcoin anyway. Also they effectively have no internet access, so it would be nearly impossible to use Bitcoin anyway.

I suspect the government uses Bitcoin to get around sanctions and to buy weapons they shouldn't be buying and laundering money. Although this is mostly speculation. It does make sense though.

I agree with you . Most of all countries do not have diplomatic relations with North Korea, so the government's use of Bitcoin to buy weapons is quite possible as it helps North Korea build a great deal of weapons.

You beat me to the punch mate. This is also what I'm thinking as well. There are rumored that state (North Korea) sponsored attack have been running for years now and been heightened when the son took over. And another rumored I read is that the man himself has thousand of bitcoins at his disposal. LOL.


I think they are not allowed inside North Korea because being a dictatorship, every move are being monitored including the Internet. So I highly doubt that they can ordinary citizens can used Internet regularly to buy or trade bitcoin. As I see it, only governments have access to it and likely they won't used it just for the daily bitcoin activity.

I don't think so. North Korea is a close country and they are very strict there. Correct me if I'm wrong but I think the kind of government they have is dictatorship. Ordinary citizens are not allowed to use the internet and if they are caught, they will be pusing so most likely, Bitcoin is not allowed there because they have no access in the internet.

Good question. I'm hundred percent sure that there's no one there who knows bitcoin. So even if they don't ban btc there will be no one who'll use it. And yes, internet connection isn't available for everyone and is strictly regulated. They can't even watch hollywood movies what more of the internet access. I'm just thankful that we are not experiencing that and my heart goes to their citizens who are having a hard time and felt imprisoned.

After reading this post, I did some research regarding to the topic. I found that even the north korea being a closed and isolated country they haven't banned bitcoin yet, unlike some countries. There's even a news about North korean hackers stealing bitcoin to other countries and they are commencing a large scale of bitcoin mining operation.

I don't know if there's a member here from the North korea but i doubt that there would be one since They're only able to access  28 sites.

I think yes bitcoins can be used on there but just couples peoples due to the government of north Korea always watch the activities of usage the internet on there and i have heard on north Korea, the people on there must use operating system of linux on their computers due to they can do full control with it than just use Mac OS and Microsoft Windows and the other reasons about security of country.

The kid died after arriving in the US. And who knows if he tried to steal anything - the video was very grainy and it was impossible to tell who it was. And why would such a smart person try to steal a banner in a known totalitarian country?


How would anyone buy bitcoin when they don't have access to the Internet and most of the country is starving?? What is the point of the question? Since they can't use internet, no one from north korea can even read your post, much less respond to it.

What I know north korea is very strict in internet connection problem for its people. so how could north korea make bitcoin as their currency, even those who can use internet connection only certain officials, for now they have to use fiat as a tool of transaction. the north korean country is very focused on the nuclear development which is very popular in their country. I think they do not think much about crypto. So until now there is no circle of those who do activities in crypto.

Yes it is allowed to use and trade Bitcoin in North Korea because recently, Bitcoin is legalized into that country. North Korea is now one of the countries where cryptocurrency is legal, together with japan wherein it is also legal. There are more countries where Bitcoin and other cryptos are legal, and hoping that there'll be more in the future.

Not sure, actually. I tried to search it up but it was very vague as to whether or not individual ownership and mining of bitcoin is disallowed in North Korea. I would assume that you are risking to persecution as the government does not want any sort of way for the citizens to be able to communicate and trade with the outside world.

Even if it is legal i doubt that many north koreans know about bitcoin at all. Internet coverage is probably less than 1% in that country as well, and they have their own OS that probably isn't compatible with any bitcoin software.

A guy did risk it by going into north korea and sending a bitcoin transaction, though. This just proves that btc can be used anywhere, even in totalitarian regimes. This is the definition of the ultimate hedge against fiat collapse, and government collapse.

In North Korea Internet Access Is Not Allowed, Very Few People Are Able To Use Internet Even Government Control Themselves.
Without Internet Access Bitcoin Using Is Impossible. Bitcoin Used A Peer To Peer Decentralized System But, Most Transactions In North Korea Are Centralized.
So, There Is No Way To Use Bitcoin In North Korea Until The Government Lifted Their Ban On The Internet.
Electricity Is Another Problem In North Korea, The Government Controls It Too.

 :-[

I think also no because NORTH KOREA ban everything in there from outside world specialy enternet or even movies from other countrys are ban in there country so if in that case no enternet that means no bitcoins also in there country simple logic

There's no any chance mate. I don't think North Korea will allow this kind of technology because even using internet there is prohibited as far as i know. You disobey, you die. They are very busy creating missiles to be fire in America. Every people the must comply with that kind of government. I can't blame them for what they were doing because America still wants to infiltrate every nations including North Korea.

This is an odd question. North Korea does not even allow people to use internet, how can people there use bitcoin, it's a joke.

No it is not allowed to use and trade bitcoin and other currencies in north korea is simply because they do not use bitcoin and i do know that they don't have any internet connection at north Korea, so every people in north korea are not aware in bitcoin. They are very busy to create a nuclear missiles to make a world war.

I think bitcoin is not allowed in North Korea. And I also think that even internet access isn't allowed in North Korea. Also crypto currency isn't allowed to be used. Maybe the capable users of internet are only the few ranking officials. But still I haven't heard North Koreans accepting bitcoin or any crypto currency. The only one that is here in bitcointalk are from the country of South Korea.

North Korea is actually mining Bitcoin as we speak. I read an article the other day that the government or state is investing heavily into mining which is actually very smart and shows they know what is going on. Why wouldn't you get ahead of the game when the price is just $4,000 rather than down the line when it isn't as profitable? :P

Only few months ago I believed that North Korea is the only country in the world where people aren't using bitcoin. But in recent months I changed my opinion. First of all, it looks that North Korea have powerful hackers. Ransomware attacks, hacked bitcoin exchanges - it may be made by North Korea.
Offcourse, usual people can't use bitcoin in North Korea.
But I'm sure that their elite can use bitcoins. I read that they allowed to do more than usual person - they buying iPhones, drinking expensive whisky and etc. So, I think that they may use bitcoins to buy that stuff from China.

The government is already aware about bitcoin but because if their strict government policy and strong implementation that's why bitcoin could not penetrate in north Korea. All digital currencies are totally ban in their country, their internet communication are fully monitored by the goverment, and no possibility that the communities will adopt the new generation of currencies because of this.

What sort of weed are you smoking right now? There is hardly any internet connectivity in North Korea, and there are less than 1,000 internet users in total. Crypto-currencies are banned and almost none of the ordinary North Koreans are aware of BTC. Or are you confusing North Korea with the South (Republic of Korea)? I heard that BTC is legal in RoK.

They are mining and hacking as well I guess because I just saw a thread which stated that some criminals from North Korea have attacked some exchanges in South Korea and stolen Bitcoins so it suggest that Bitcoin is used in North Korea that's why some are attempting to steal from there.