Topic: CRYPTOCURRENCY IN NORTH KOREA - page 2. (Read 736 times)

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.

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.

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.

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.

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.

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.

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.

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.

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.

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. 

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.


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.

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?


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.

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.

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.

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.

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.

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.

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.

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.