Allowing their citizens to own cryptocurrencies means that they will also allow them to use internet.
AFAIK, usage of internet for the citizens isn't allowed.
I think that contradicts with what op is telling us.
Topic: Good news form North Korea (Read 635 times)
Well anything is possible anywhere and if they can truly do something for their people to bring them out of poverty, then this could be it. We know it is one of the most repressive regimes in the World, but it could mean that they might be opening up a little bit, Like China did in the 1070's1980's because if they want to stay in power long enough before another revolution happens, they will need to start feeding their people, otherwise they can't last forever in power. Maybe Crypto might provide some of the answers for them.
well, probably the dictactor has no money left.
and then they create some shit coins for raise money so that he can rebuild his nuclear and create a furor back in the world,
or the dictactor suddenly be good people and then, create altcoins to feed its people on their country.
its not a good news for me, even it come true , i am not sure the citizen will have directly their nation coin.
since internet its something rare on north korea.
and then they create some shit coins for raise money so that he can rebuild his nuclear and create a furor back in the world,
or the dictactor suddenly be good people and then, create altcoins to feed its people on their country.
its not a good news for me, even it come true , i am not sure the citizen will have directly their nation coin.
since internet its something rare on north korea.
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.
I see there is a block chain conference in February next year.I guess best is to go there and see how they progressed. https://nkcryptocon.com/
This is good news for North Korea citizen as cryptocurrencies are changing lives and especially the poor countries like North Korea. North Korea's govt decision will make Korean people happy and healthy in the near future.
I am not sure about it.
The people there have other problems than crypto.
If they have enough money for a computer and an internet connection they maybe can profit from the rising of crypto.
But in the next future I think x10 at BTC is possible not more.
So if the people there would invest 100$ they could earn 1000$, not that much for a whole life.
This is good news for North Korea citizen as cryptocurrencies are changing lives and especially the poor countries like North Korea. North Korea's govt decision will make Korean people happy and healthy in the near future.
If there is no food available to buy it doesn't matter if you can afford to pay.
This is good news for North Korea citizen as cryptocurrencies are changing lives and especially the poor countries like North Korea. North Korea's govt decision will make Korean people happy and healthy in the near future.
I am not sure about it.
The people there have other problems than crypto.
If they have enough money for a computer and an internet connection they maybe can profit from the rising of crypto.
But in the next future I think x10 at BTC is possible not more.
So if the people there would invest 100$ they could earn 1000$, not that much for a whole life.
This is good news for North Korea citizen as cryptocurrencies are changing lives and especially the poor countries like North Korea. North Korea's govt decision will make Korean people happy and healthy in the near future.
Oh gosh that might be an interesting experience. I hope there's no hidden conditions about the nature of crypto that is allowed.
Always give news for many country want to make own new cryptocurrency last six months, but we are never seeing which country are so serious for create their own crypto. They always give an issues without real working about how serious want to make new crypto and give regulation for bitcoin or altcoin.
Countries creating their own crypto? We had a few examples in the past. Venezuela recently came up with their own crypto called "Petro", which was backed up with petroleum reserves (they claimed so). The Central Bank of China recently announced that they will be dishing out a government approved cryptocurrency. But till now, they don't have any finalized product in their hand. These are real and verified news, unlike this piece of BS from some fake news producing factory.
But that said, what is the purpose of a government issued cryptocurrency? The most important benefit of Bitcoin and many of the other cryptocurrencies is that they are decentralized (i.e they are not controlled by the central banks). A cryptocurrency that is issued by the government won't be having these benefits. There is nothing to make it any different from a digital version of fiat currency (such as PayPal or Qiwipay). We should consider them as variants of fiat currency rather than crypto.
I think North Korea's main expertise in crypto currency firmly land in the realm of running botnets, hacking exchanges,creating phishing sites and backdoored wallets.
Always give news for many country want to make own new cryptocurrency last six months, but we are never seeing which country are so serious for create their own crypto. They always give an issues without real working about how serious want to make new crypto and give regulation for bitcoin or altcoin.
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.
Yes, the North Korean government is very strict. I don't believe that they created their own cryptocurrency, is it possible that their own people are promoting crypto without other countries knowing, and what I know is that South Korea is growing rapidly in the world of cryptocurrency.
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 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.
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This looks more like adoption is gradually becoming real. If this can happen in North Korea, it means that more will be done, not only there, but in some other countries around the world. This is an indication that adoption is fast rising.
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This looks more like adoption is gradually becoming real. If this can happen in North Korea, it means that more will be done, not only there, but in some other countries around the world. This is an indication that adoption is fast rising.
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.
Thinking deeply about it, it was good for cryptocurrency adoption to have news like this. But in my perspective, North Korea is not that ready to transition their fiats to cryptocurrency, not all have access to news and updates about cryptocurrency, in that regards, I fear that north koreans will not be responsible enough to handle their cryptos, or it might be a form of control to them by their government.
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.
While this seems to be good news for crypto, i doubt North Korea.
It is well known that it's citizens are ruled over by dictator who controls almost every aspect of their life (at least so i heard). Given this, i am doubtful if their cryptocurrency will ever be exposed to the public and it will just probably be kept within their country.
North Korea is indeed very friendly with Cryptocurrency, their government strongly agrees if Crypto is legalized there, so everything will be easy if later they will make their own Crypto. I am proud if my country also follows the steps like North Korea did so that Crypto users can feel satisfied.
The question here is that, if they are allowed to own other cryptocurrency like bitcoin and other things because as far as I know, the internet connection their is limited and you don’t have the right to access things that is beyond the control of the government. If a country like North Korea fully adopt cryptocurrency, I’m sure more countries will do the same. 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.
Maybe they wanted to create cryptocurrency that is only available to their peopel and so the people of North Korea don’t need to buy bitcoin, this is truly an impossible thing to a country where you have a limited access online or none at all. We will see if this one is true or not, let’s see if they will continue to control their people. 
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.
For some reason, I don't believe that because Korea is not a developed country. Most people there are poor, and they have not used new technologies, what kind of cryptocurrency can we talk about?For now it was just a mere speculations regarding North Korea, but if ever there's possible implementation I guess the government also is within control with the situation since it was not yet fully developed country. Technologies like crypto was not fully merged with freedom unlike with south korean government.
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.
For some reason, I don't believe that because Korea is not a developed country. Most people there are poor, and they have not used new technologies, what kind of cryptocurrency can we talk about? Jump to: