Bitcoin Forum

New Reports: North Korean Interest in Cryptocurrency Rising

As the United States and the international community continue their efforts to isolate North Korea by tightening the existing sanctions regime, recent reports suggest that the country’s government may be pursuing alternative means for financing its nuclear goals. CNBC and CNN recently reported on intelligence indicating that the rogue nation is increasingly focused on mining and stealing Bitcoin.

full brief - https://dcebrief.com/new-reports-north-korean-interest-in-cryptocurrency-rising/

This was to be expected. North Korea is trying to circumvent UN sanctions and make financial calculations in the areas prohibited by the UN with the help of crypto currency. At least they would not blame bitcoin for this.

Agreed. I do remember that somewhere a long the line, South Koreans have reported that a hack on their exchanges originated from North Korea. So it would very well be, state sponsored so I believed that they have been in crypto's specially bitcoin for while. I'm really sure though that criticism and negativity would support crypto market. But then again, they have forced North Korean against the wall and bitcoin was somewhat a salvation for them. However, I agree that don't put all the blame on bitcoin/blockchain technology.

This looks more like some piece of FUD that tries to tie Bitcoin and North Korea together to paint it in a bad light and justify banning it later. If you think about it, it doesn't make sense, because you need a huge amounts of money to sustain you economy, and it's impossible to move them secretly. The US would quickly find North Korean coins and warn exchanges about them. Next, Bitcoin is a payment system, but you need to sell something to get it, so NK has to produce something, but they can't because their economy is barely functioning. And the last point, NK is supported by China and Russia, everyone know that, so there is no need for Bitcoin to sustain NK.

It's quite funny I guess; Bitcoin mining and hacking of exchanges. So, beware for everyone, your exchanges may become a target for North Korean hackers. Às long as they just keep mining bitcoin, it's a good thing, but where they gonna sell it? Outside the country, for foreign currency such as US dollar? Not sure how they gonna do it, but anything from them maybe connected to nuclear weapons.
Hopefully, bitcoin will not works for them and they can't hack any global exchange or we will have another crash.

Agreed, NK stories related to Bitcoin could easily be BS propaganda at a time when Bitcoin is already having a bad week.