CRYPTOCURRENCY IN NORTH KOREA

[Shasha80]

I doubt anyone in North Korea has cryptocurrency. Because according to the information I read, that the internet network is prohibited and even
though there is supervised by their leader. Too risky to conduct crypto transactions in North Korea, because if caught by the government could be
threatened with severe punishment.Besides, North Korea's population is poor, I doubt they can invest in cryptocurrency. If there really is a
cryptocurrency transaction in North Korea, I'm sure it was the government there who did it.

[$crypto$]

I've watched countless documentaries on North Korea and it's clear that very few even know how computers work.  The normal every day person likely has no computers skills what so ever of any kind.  They sure as hell don't have any access to the world wide web.  There is no chance they have any access to an exchange.  Even if they did, how would they use it? They couldn't use it anywhere there, nor could they use it to buy something online.  My hope is Kim Jong really dies as rumored he may, and a new movement carries forward. 

It appears with rumors of the death of the North Korean dictator Kim Jong Un is still a polemic where there has been no official publication whether the news is true or not.
With limitations there to operate any type of computer but they are able to hack into the exchange, is this a citizen of North Korea or from China? a little polemic where in the news with this article how to influence the price of bitcoin with the death of Kim Jong Un.

https://u.today/heres-how-kim-jong-uns-presumed-death-can-impact-bitcoin-btc-price

Many people suggest buying bitcoin, what is this? or indeed this is the news for the halving so that more requests or indeed influenced by Kim Jong.

[gentlemand]

With limitations there to operate any type of computer but they are able to hack into the exchange, is this a citizen of North Korea or from China? a little polemic where in the news with this article how to influence the price of bitcoin with the death of Kim Jong Un.

https://u.today/heres-how-kim-jong-uns-presumed-death-can-impact-bitcoin-btc-price

Many people suggest buying bitcoin, what is this? or indeed this is the news for the halving so that more requests or indeed influenced by Kim Jong.

North Korea will know alongside everyone else that a large part of the future conflicts and power games will take place online. No way are they not going to have trained hackers to let rip. They'll be part of the military.

As for that 'article', that's got to be the most piss weak effort I've read all year, and they cite Zerohedge to boot.

[kryptqnick]

Hello guys, so I am just sitting here and wondering how the people of the North Korea are fairing as regards the huge benefit cryptocurrency has brought to every people. I don't  get to hear of any development from that isolated nation bordering South-Korea. I understand the will of the people is heavily subverted by their maximum leader otherwise nicknamed The little rocket man. I read of how poverty is ravaging that nation, freedom for her people to trade cryptocurrency can turn the tides around as it's doing in some poverty stricken nations that the people have embraced bitcoin and its benefit. Do these people even have access to any exchange in the world? and can they safely convert their crypto asset to their native currency and withdraw same without offending The little rocket man? I once read exchange hacking have been traced to NK, meaning some crypto activities are going on there.

I am just concerned on the freedom cryptocurrency brings could be extended to this nation.

I've been watching and reading quite a lot of stuff about North Korea lately, so I think I might know the answer. People in North Korea live in poverty and under total control. Households have old computers, some people have smartphones and tablets, but it's mainly the riches who live in the capital. When you're using a North-Korean version of an iPad, the system makes occasional screenshots of what you're opening as well as saves browser history. This data can be accessed by the authorities. If you're caught somehow accessing material that did not come from North Korea (for instance, some people smuggle movies from China), just for watching it you're guaranteed to end up in prison. So as you can imagine, using cryptos would be extremely risky there. But there's a bigger problem: there are only around a thousand highly secretive places where one can get Internet access in North Korea, and of course, the people who access it are high-ranking officials. Now, since most Bitcoin transactions are done with the help of the Internet, there's just no way people would use it. They have an intranet in North Korea which is like a North-Korean-wide version of the Internet but it's completely centralized, censored, and monitored, so I am sure there are no crypto wallets or anything like that there. At the same time, I remember seeing articles a while ago about North Korea possessing Bitcoins, and it can be true, but this is definitely high-ranking government officials, so it doesn't count, as it would in no way help North Korean people.

[target]

Unless you enjoy watching people praising Kim as their God like Dennis Rodman.

I reckon Dennis also fears Kim too to a certain extent. Of course he can't talk shit in the media or else he's gonna be on that guy's hitlist.

Just today I read an article about KIM being dead but kept secret.  There were news about it https://www.express.co.uk/news/world/1273919/Kim-Jong-un-latest-updates-North-Korea-leader-dead-reports-reaction-world

This is because he wasn't seen in the public for days, some news says he is in the vegetative state after surgery - liposuction probably.  This is what will happen since they censored all the time and then people will just speculate.

[omone1]

Here's that news: US Arrests Ethereum Developer for Training North Koreans to Evade Sanctions

Thanks for this, this was bad for such developers to be aiding a nation that has zero tolerance for human right and who have deliberately lead her people into self inflicted poverty and only some powerful elite having access to the internet. Whatever can be done to ensure the sister who may succeed the current supreme leader don't toe the same line with the dictators should be done.

[omone1]

Internet but it's completely centralized, censored, and monitored, so I am sure there are no crypto wallets or anything like that there. At the same time, I remember seeing articles a while ago about North Korea possessing Bitcoins, and it can be true, but this is definitely high-ranking government officials, so it doesn't count, as it would in no way help North Korean people.

Thank you for this exposition. I really could imagine how the whole system is centralized, that is cruel wickedness and the Chinese communist government is at the forefront of supporting the ideas and policies of this inept NK led government, just read some medical experts have been deployed to North Korea to access his health. I have gained a lot from many comments here.

[Gibreil]

The said crypto activities must be highly limited to Pyongyang and probably a major city or two more. All this must also be strictly sanctioned by the government, or perhaps even directly involving the government itself.

Cryptocurrency cannot bring freedom to a place where majority of the people are too poor to even own a smart phone, where internet is limited to the government and a few powerful people perhaps, where stable electricity is not even existing, and so on and so forth.

As long as there is no democracy. People don't have the freedom to rule against the government. And cryptocurrency for sure will never exist in that country. Unless if the government will allow this to run. But probably, they will think that crypto might a threat with their securiry and economy.
So for sure, having a little freedom is not a total independence for all.

[nomenclatur]

difficult to get freedom in the countries of North Korea because the country is led by a ruler who sees people who are weak and must follow the rules of the state of North Korea is very tight even all on limited like watching tv they limit only allowed to watch national TV limited electrical limited the communist government would not be happy if they do not oppress people forever. North Korea will ban the use of state cryptocurrency them until the ruler they die and transform ruler can give freedom to its people.

[Yourhomeboy]

But recently some huge amount of bitcoin was transferred from Kim jong un Trezor wallet to coinbase about 6000Btc around hald a billion dollar. Nobody heard about that lately?

[gundala]

Too many mysteries and secrets in the closed country. All the lives of its citizens are governed by a very strict state, the internet is monitored. So I cannot say much, surely only certain groups controlled by the government carry out activities related to cryptocurrency. In fact, many rumors circulated that there is a group of hackers from the country who were given the task to modify the virus to steal crypto assets.

[samcrypto]

But recently some huge amount of bitcoin was transferred from Kim jong un Trezor wallet to coinbase about 6000Btc around hald a billion dollar. Nobody heard about that lately?

I never heard about this news since North Korea is very limited and it’s hard to hear the real news from that country. All i know is that, people are limited to use internet and they can’t betray their country’s policy or else they will face consequences. Cryptocurrency is North Korea is also limited, they probably have their own fiat money online just like China.

[meanwords]

But recently some huge amount of bitcoin was transferred from Kim jong un Trezor wallet to coinbase about 6000Btc around hald a billion dollar. Nobody heard about that lately?

Can you link the article or the source of where you've taken that news? I mean I've never heard this news before and if this is really true, then the medias would be flying all over the place making articles about this piece of news. I don't know, this news might be fake too since the information we get in north korea is very limited because they restrict everything there.

[AniviaBtc]

North Korea is a place which I don't understand why still exists , the ruler should himself be hanged and the people have to start living.
The country is very unfortunate , if someone even talks about something that the government does not approve of , they are killed , mercilessly.
Cryptocurrencies ? People are not even allowed to wear makeup. The internet is something only the rich can afford , I do not think people will be able to use cryptocurrencies there considering what comes with it .
I hope in the near future we see good advancements there , peaceful where people can actually do whatever they want and not live like cattles.

Well, that's the system of how they grew tbh. Not like we could do anything there, since the government is basically nipping the possible source of problems right from the buds itself. Even if it was a small issue, as long as they could determine it goes against their rules, then they'd do it.

The country itself doesn't allow their people in accessing the global internet tbh, giving them no chance of actually trying to bypass the government systems that have been implemented. Probably only a select few even own some form of crypto, and they'd probably be hiding it itself somehow one way or another from literally everyone else. I don't even think that they have that much knowledge with regards to the development of cryptocurrency right now .

We all know that North Korea is very strict when it comes to laws, rules and regulations, and its people. Even internet is also limited and they can't have an access to their social media because the internet is only allowable when it is prohibited by the authority or government's purposes and transaction only. It is really hard to send cryptocurrency offline and it really requires internet so maybe the cryptocurrency in North Korea only regulated by their government. Maybe, somehow people are scared to violate some laws in North Korea because of the punishment that can cost their lives so maybe the use of cryptocurrency in their country is only limited. There are barriers between people's rights and using a cryptocurrency.

[Darker45]

The said crypto activities must be highly limited to Pyongyang and probably a major city or two more. All this must also be strictly sanctioned by the government, or perhaps even directly involving the government itself.

Cryptocurrency cannot bring freedom to a place where majority of the people are too poor to even own a smart phone, where internet is limited to the government and a few powerful people perhaps, where stable electricity is not even existing, and so on and so forth.

As long as there is no democracy. People don't have the freedom to rule against the government. And cryptocurrency for sure will never exist in that country. Unless if the government will allow this to run. But probably, they will think that crypto might a threat with their securiry and economy.
So for sure, having a little freedom is not a total independence for all.

If democracy is for the people, expect North Korea to keep it away from them. If it means their freedom, expect the hermit kingdom to deprive them of it. Now, if cryptocurrency will indeed provide freedom for the people, then crypto will forever be alien to the ordinary North Koreans. But if crypto will at the same time provide the government itself a nice way to get away from certain international sanctions and be able to continue with their illicit transactions, then they will certainly exploit it. This is perhaps the reason why crypto exists in North Korea even if the government itself is keeping freedom away from its very own people.

[elisabetheva]

Too many mysteries and secrets in the closed country. All the lives of its citizens are governed by a very strict state, the internet is monitored. So I cannot say much, surely only certain groups controlled by the government carry out activities related to cryptocurrency. In fact, many rumors circulated that there is a group of hackers from the country who were given the task to modify the virus to steal crypto assets.

I agree with you, the possibility of knowing what is in the country with super tight internet network supervision and closed to all sectors, of course it is not easy to know the situation. but it does not happen for people who work for the country and regulate for the interests of the country. they have experts who also understand in the field of crypto, which cannot be underestimated by the possibility that they have orders to work for the interests and income of the country.

[gentlemand]

But recently some huge amount of bitcoin was transferred from Kim jong un Trezor wallet to coinbase about 6000Btc around hald a billion dollar. Nobody heard about that lately?

Sure did.



It's certainly a turnaround for the books compared to Coinbase's normal policies but I guess they decided to kick back a little and make themselves some real money. Hey, why not?

[thesmallgod]

I wonder if it is possible for North korean to leave their country in search for a better life If the government can be that strict. I am also very sure that bitcoin may not be accessible to the citizen not to talk about trading it when they make use of intranet. North Korea is a strict country an such will not allow cryptocurrencies

[Sirait]

I'm not sure if any North Koreans know what Bitcoin is. North Korea is one of the most closed countries to the outside world, so not many people know what is happening in their country

I wonder if it is possible for North korean to leave their country in search for a better life If the government can be that strict. I am also very sure that bitcoin may not be accessible to the citizen not to talk about trading it when they make use of intranet. North Korea is a strict country an such will not allow cryptocurrencies

from the news that I hear. North Korean citizens' internet access is closely monitored by the government

[yazher]

When it comes to North Korea there is only slight information we do know about their developments because mostly they don't tell other countries about what else do they accomplished except their huge numbers of bombs and cannons. Maybe the higher rank officials have access to some known exchanges and they are currently trading some cryptocurrencies in the decentralized exchanges. they just don't want to publicize their doing because that will bring shame to their nation base on their understanding.