CRYPTOCURRENCY IN NORTH KOREA

[pakhitheboss]

For all kind of illegal activities NK uses China as its base. There are many videos on youtube about it. For cryptocurrency they might be doing the same they might be employing hackers from China who in turn are doing these hacks.

Rocket man might not be living any more in this world. I did heard some news about his death. I also heard his sister will be taking over the country.

The above news might not be true.

[Twentyonepaylots]

The average North Korean has zero hope of ever getting anywhere near the normal internet other than on smuggled Chinese phones. They won't have any money to buy any even if they managed that. Even the most privileged North Koreans only get government intranet access.

Crypto is likely to be solely the preserve of government hackers and the extreme elite.

This is what I only think of it, even if North Korea welcomes the use of cryptocurrency it would not be beneficial to all its people but only for those in higher ladders. I have watched one of travel vlog in North Korea, it looks strange because their airport has nothing, no people, no staffs not unlike the normal airport and if there is any they are always escorted by korean  police. Do you imaging crypto in that country? there is no future at all but it will indeed help the community. They only even have one televised channel for people to watch and that is the news channel, no doubt there are lots of people tried to escape North Korea.

[Harlot]

There's a man before who are lecturing about cryptocurencies but he end up dying.

Are you talking about Virgil Griffith? The man who lectured in North Korea about Bitcoin and blockchain and then got later on arrested by the US? Because if you are he is still alive and still facing charges against him by the FBI claiming that he provided the North Koreans a "highly technical" information that could help them evade sanctions and do money laundering. Of course this charge is bull shit and they need to provide an evidence or even the whole presentation of Griffith to prove this one but from the news I have been seeing this is none other than a witch hunt that the US authorities do to their own citizens involved in the crypto industry. They are assuming that the North Koreans doesn't know anything about crypto even before Virgil showed up to them but this is highly unlikely.

[mongkie]

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.

people in North Korea are trained to live a simple life. Commoners dont have access to internet so how come some hackers are from NoKor?
only high ranking people are allowed to use computers and it is not logical for them to hack for money.
on the other hand, legit hackers will surely use location that are not possible to locate so hackers are pointed at North Korea.
 

[UserU]

This is what I only think of it, even if North Korea welcomes the use of cryptocurrency it would not be beneficial to all its people but only for those in higher ladders. I have watched one of travel vlog in North Korea, it looks strange because their airport has nothing, no people, no staffs not unlike the normal airport and if there is any they are always escorted by korean  police. Do you imaging crypto in that country? there is no future at all but it will indeed help the community. They only even have one televised channel for people to watch and that is the news channel, no doubt there are lots of people tried to escape North Korea.

They're even having electricity issues, no way owning a computer would even be possible without frequent power trips. This is the satellite image of NK at night; the dark region.

[BitSat19]

This is what I only think of it, even if North Korea welcomes the use of cryptocurrency it would not be beneficial to all its people but only for those in higher ladders. I have watched one of travel vlog in North Korea, it looks strange because their airport has nothing, no people, no staffs not unlike the normal airport and if there is any they are always escorted by korean  police. Do you imaging crypto in that country? there is no future at all but it will indeed help the community. They only even have one televised channel for people to watch and that is the news channel, no doubt there are lots of people tried to escape North Korea.

They're even having electricity issues, no way owning a computer would even be possible without frequent power trips. This is the satellite image of NK at night; the dark region.

North Korea facing some serious troubles as they are lacking of basic needs like drinking water electricity food so thinking about cryptocurrency is just no way because censor policy is very stick and all things under control of state officials no one can take any risk about this.

[target]

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.

people in North Korea are trained to live a simple life. Commoners dont have access to internet so how come some hackers are from NoKor?
only high ranking people are allowed to use computers and it is not logical for them to hack for money.
on the other hand, legit hackers will surely use location that are not possible to locate so hackers are pointed at North Korea.
 

No internet?  Its no place for someone who is actively supporting blockchain and bitcoin. If you have been enjoying your life with access to everything and suddenly put in NK you'd be begging to get out of there in less than a day. Unless you enjoy watching people praising Kim as their God like Dennis Rodman.

But there was an incident where there is a conference in NK that an ETH developer was caught teaching their government regarding laundering, I have no idea what happens next but if Kim has an interest to blockchain, it will most likely be like China's DCEP.

[UserU]

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.

[Kong Hey Pakboy]

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.

people in North Korea are trained to live a simple life. Commoners dont have access to internet so how come some hackers are from NoKor?
only high ranking people are allowed to use computers and it is not logical for them to hack for money.
on the other hand, legit hackers will surely use location that are not possible to locate so hackers are pointed at North Korea.
 

Indeed. Internet access is not for everyone in north korea, so how come hackers are really from north korea. There also no chance for people in North Korea will learn about cryptocurrency and blockchain technology because they only focus themselves from making their own super weapon.

[joinfree]

Not possible or better the still the very few people doing it are just using it in secret. North Korea is one of the countries that is highly censored and activities of the people are being monitored 24/7. I am sure the day they would have a change of government the whole nation will be happy.

[gentlemand]

The only area worth paying attention to is government hacking. I'm sure they would take grrreat pleasure cleaning out American companies. So far it seems to South Koreans and the Japanese who are the stupidest and leave themselves wide open.

I would love to know how they manage to launder the funds they spirit away.

[Jating]

The only area worth paying attention to is government hacking. I'm sure they would take grrreat pleasure cleaning out American companies. So far it seems to South Koreans and the Japanese who are the stupidest and leave themselves wide open.

I would love to know how they manage to launder the funds they spirit away.

Yes, North Korea has been targeting Japan and South Korea and to a certain extend American exchanges too. They probably work with other criminals like in this report Chinese nationals helped North Korea launder stolen cryptocurrency, US officials say. Or maybe those just submit fake KYC's that they have stolen and used it to open up an exchange account and then cash it out.

[denzkilim]

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.

I know that in North Korea the internet usage is prohibited from normal people and the only people that can use the internet are high-level officials of the hermit kingdom. There are also some small amount of computers with internet in their universities but it is monitored in a very strict manner. These are the global internet access where the majority of the people are prohibited to use it.
But on the other hand North Korea has its own internet called Kwangmyong and it can only be used on their country and it is not connected to the world so the use of Bitcoin is currently impossible right now.

[BlackFor3st]

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.

North Korea has a very strict rules in their country so I am sure that their citizens have no freedom in crypto as what I read that their internet is very limited to the higher ups and the sites are also very limited. In this scenario, only the government has the freedom to do what they like and if they were able to hack some crypto, I am sure that they are looking for some route in order to cash out the crypto into their fiat money.

But I am hoping that North will become very open in the future as what I read that their president has been declared dead because of the heart surgery failure and if it is true then they have a chance to change if the new president will open a path for crypto.

[squatter]

Kim Jong Un is rumored to be dead. Seeing as North Korea's billions of dollars worth of cryptocurrency was amassed under his dictatorship, will a succession in North Korea change their course? Could it have any implications for the Bitcoin market, given how much they own?

The only area worth paying attention to is government hacking. I'm sure they would take grrreat pleasure cleaning out American companies. So far it seems to South Koreans and the Japanese who are the stupidest and leave themselves wide open.

I would love to know how they manage to launder the funds they spirit away.

They use complex peel chains and mixing, then use Chinese agents to sell to OTC brokers who interface with Huobi, OKEx, and other lax exchanges. It's a game of cat-and-mouse that North Korea has mostly been winning, due to how slow law enforcement is to even charge and sanction co-conspirators.

[CaVO32]

This is what I only think of it, even if North Korea welcomes the use of cryptocurrency it would not be beneficial to all its people but only for those in higher ladders. I have watched one of travel vlog in North Korea, it looks strange because their airport has nothing, no people, no staffs not unlike the normal airport and if there is any they are always escorted by korean  police. Do you imaging crypto in that country? there is no future at all but it will indeed help the community. They only even have one televised channel for people to watch and that is the news channel, no doubt there are lots of people tried to escape North Korea.

They're even having electricity issues, no way owning a computer would even be possible without frequent power trips. This is the satellite image of NK at night; the dark region.
-

North Korea facing some serious troubles as they are lacking of basic needs like drinking water electricity food so thinking about cryptocurrency is just no way because censor policy is very stick and all things under control of state officials no one can take any risk about this.

actually, when I saw that image way way before, I felt sad for North Koreans. It is like they are deprived of some basic needs here and no one is ready to step up to change how they live. I really hope that one day someone will have the courage to change the future of these people.

so I am thinking, is there ever a North Korean that is crypto user and the government doesn't know about it? because there will be some elite class also in this country and enjoying the privilege of being in the upper class.

Kim Jong Un is rumored to be dead. Seeing as North Korea's billions of dollars worth of cryptocurrency was amassed under his dictatorship, will a succession in North Korea change their course? Could it have any implications for the Bitcoin market, given how much they own?

The only area worth paying attention to is government hacking. I'm sure they would take grrreat pleasure cleaning out American companies. So far it seems to South Koreans and the Japanese who are the stupidest and leave themselves wide open.

I would love to know how they manage to launder the funds they spirit away.

They use complex peel chains and mixing, then use Chinese agents to sell to OTC brokers who interface with Huobi, OKEx, and other lax exchanges. It's a game of cat-and-mouse that North Korea has mostly been winning, due to how slow law enforcement is to even charge and sanction co-conspirators.

They said that it is only rumor about Kim Jong Un being dead. But if we will not see him in the next coming months, then the rumor might be true.

[ChiBitCTy]

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. 

[qory]

Nice to hear what will happen in North Korea about cryptocurrency, they will accept bitcoin as digital currency or not. North Korea president look danger and have new way how to make his country more power full and give access with bitcoin and altcoin to be legal currency payment there, nice for waiting will legal or not bitcoin as digital currency payment.

[meanwords]

I really highly doubt that they even have access to computer. I found a Blog/Documentary about the citizens of north Korea, most workers there who is working near a computer doesn't even know how to use it so when the interview was being made, they just fake using a computer, so I think only few knows how to use computer and internet there. They even filter internet and even filter televisions to control the citizens. Unless they really changed their government, there will only be a few select individual who can or will use cryptocurrency.

[fortunecrypto]

There's a man before who are lecturing about cryptocurencies but he end up dying.

Any link to the article, I'm sure the communist party do not want anybody in their land lecturing without their permission and about decentralization and freedom, I can teach anywhere in the world even in a dessert but never in a country like North Korea.