Good news form North Korea

[plast555]

In my opinion, with a closed and centralized country like North Korea, they can easily create a cryptocurrency, but having their own cryptocurrency will probably have no effect. to the cryptocurrency market.

Maybe you're right about what you said. Nevertheless, I think it would be very promising to make such an adaptation move. Because even the speculation of this news can affect investors positively. It may even affect other countries positively and push them to make the same decision.

[Arsenyo]

North Korea always makes fake news and reports to manipulate their citizens and the whole world. I don't believe this information. North Korea has really strict state regulations and one of them is exactly to limit internet access for their own people. So, it's hard to believe that their president is going to support cryptocurrency and freedom it gives to people.

[Vitamin_52]

Kim knows what he is doing, if they do not buy his cryptocurrency, they will cut off a finger or worse shoot) just the crypt will go to the masses, thus its growth will be significant. I think how will this cryptocurrency North Korea itself will buy a little.

[Vishnu.Reang]

North Korea always makes fake news and reports to manipulate their citizens and the whole world. I don't believe this information. North Korea has really strict state regulations and one of them is exactly to limit internet access for their own people. So, it's hard to believe that their president is going to support cryptocurrency and freedom it gives to people.

It is not the North Korean regime that is behind fake news like this. Bitcoin news sites such as Coin Telegraph has a habit of dishing out crazy stories as clickbait, to gain more traffic. This news article is no exception. What makes this different is that this time the OP hasn't even bothered to give any source or URL for his claim. I guess he wanted to have a popular thread against his name, at any cost.

[ardentvolcanoes]

This is absolutely great news, but I have a doubt because North Korea government may be centralized their cryptocurrency. When a government creates/open its own cryptocurrency it means they will not give prople the freedom to people. But still this is great, North Korean people will be interested in crypto, they will research more and later then they will know the true nature of Bitcoin, Crypto, the decentralization.

Good news for who? North Korea itself is an independent country that does not govern or govern. If you followed news this country a few years ago, surely you would declare that North Korea is a closed country. So even though they use crypto, of course they only make it for the people themselves and will not be exposed abroad.

So I don't think this will affect either Bitcoin or other coins, because there are also many allegations against North Korea for scam.

Following that idea, How this close door country will be sue if scam happened? there's no opportunities for anyone to chased whoever scammers that hiding inside this place. It's hard for anyone who have a wide interpretations of business partnership to deal with this project, It's all about money and when that fiat speak up it can change people's mindsets,.
Needs to consider many things to protect your investment, don't be a blind investors.

[massguru]

I dont think if South Korea create a good thing they wont release other people from them

[yanto@1977]

North Korea has become very interested in creating its own cryptocurrency and has a sufficient level of competence to move forward with this plan, But that's not all. On Sept. 10, Cao de Benos tweeted that the North Korean authorities have allowed citizens to own cryptocurrencies, and local developers “are designing crypto wallets and other related apps right now.

Could be good news but many people have their own crypto will make market not good, too many competitor. So far, South Korea I believe not allow crypto in their country, blockchain yes but not with crypto. I think this is fake news, stay away from this rumors and good luck to you.

[#Darren]

What brings this if a North Korean citizen will hold crypto currencies. Unfortunately, 99 percent of them can afford several LTC per month, if they are lucky, refuse to eat and pay for rent. It is a really poor country.

[Jasad]

North Korea is the best option for cryptocurrency become legal, maybe North Korea have many people interested with cryptocurrency and blockchain technology, they want have own cryptocurrency for legal payment in their country.

[hashman]

Its good that governments are interested about cryptocurrency. Crypto world still so small when we look from global economic perspective.
I also know a few countries who are also interested about developing their own cryptocurrency.
With these movement crypto become more popular between people and the value of the crypto will increase for sure.

[gunhell16]

North Korea has become very interested in creating its own cryptocurrency and has a sufficient level of competence to move forward with this plan, But that's not all. On Sept. 10, Cao de Benos tweeted that the North Korean authorities have allowed citizens to own cryptocurrencies, and local developers “are designing crypto wallets and other related apps right now.

Every country will create there own cryptocurrency in due time!
Everyone of them! there will be coins or tokens to lift them up!
that is the faith we are going to have! this is cryptocurrency like barter from FIAT and now from FIAT to crypto!

[ATSgrowth]

I do not think that this is the way how to gain adoption of cryptocurrencies.
China, North Korea, ECB are creating own cryptocurrencies, but why they don´t use Bitcoin? They want to manipulate the system?

[rahmatullah9305]

This news had become a hot topic among Blockchain and crypto activists. North Korea has announced plans to hold an international blockchain and digital currency conference. This also marks the first time that industry experts are openly invited to the country. In addition, many analysts claim, North Korea might be supported by other countries - such as Iran, Russia or Venezuela which have already explored national digital assets to bypass US sanctions.

[disconnectme]

I don't know why people are excited about this project, it is a dark project IMO and add nothing or no value to the space, it is not that North Korea will make Bitcoin legal for use in their country. Let's say one of the Western countries is the one diving into Cryptocurrencies then we can begin to cheer but an Authoritarian country.

[Judge-Dredd]

This is definitely good news and thanks for sharing. Korea is very supportive of crypto/blockchain and it may be one of the first few countries who will widely use and accept crypto anywhere. Even the largest wholesale market on Korea developed their own coin as a reward to their customers, these things that they're doing will definitely help not just Korea's adoption to crypto, but is a small step towards it being used global.

Hoping that other countries will also start these initiatives and push crypto to the next level. This is such an amazing technology which solves current issues we have across different areas in the market.

As mentioned above it sounds like you're confusing north and South Korea. They may as well be different planets if you consider law and social policies.

Nothing positive comes from North Korea. In recent years there has been more propaganda than ever with journalists or photographers traveling there say it isn't that bad.

Any human with common sense can see through the bullshit. North koreans are one of if not the most oppressed people on the planet.

I watched a documentary where workers in a salt miner who had gone blind or partially blind received pro bono treatment to correct their vision. Some of these people were seeing the world again for the first time in a decade. The very first thing they did was not thank the doctor. No, they dropped to their knees and prayed to their great leader promising to mine more salt to make their government happy. That's terrifying.

[Ucy]

This is big one.  I wonder how public cryptocurrencies are going to be used there without problems? I thought the country has a closed internet/intranet of some sort. I guess the country's internet will eventually be open up to the world? This is probably mere rumor. You should have added a link to a credible source.

[Flooks]

This is big one.  I wonder how public cryptocurrencies are going to be used there without problems? I thought the country has a closed internet/intranet of some sort. I guess the country's internet will eventually be open up to the world? This is probably mere rumor. You should have added a link to a credible source.

I also think that this is not true. Perhaps in part the cryptocurrency market will function there, but obviously not for all citizens. But time passes and it is possible that progress will take place even there.

[EdvinZ]

I do not think that this is the way how to gain adoption of cryptocurrencies.
China, North Korea, ECB are creating own cryptocurrencies, but why they don´t use Bitcoin? They want to manipulate the system?

I think the point of creating national cryptocurrency projects is just that. This is a kind of analogue to the usual national currencies. Any state wants to control the financial processes in their country. National cryptocurrencies will allow full control of the blockchain systems and at the same time take full advantage of the technology.

[tsaroz]

North Korea is a totally closed community. Kim Jong will declare himself the creator of cryptocurrency and make a statue of himself.
I don't mean to say North Korea is uncapable of creating something good as they are one of the best hackers in the world but any good that doesn't reflect with their general population is useless.

[Genemind]

It's hard to believe this type of news because it sounds too impossible. North Korea's internet is restricted so how are they going to access cryptocurrency? Because of their culture and their government, it's impossible for them to accept crypto as another currency. Citizens are under the control of the government so it will be hard for them to access crypto on their own.