Topic: Why doesn't North Korea open up a bitcoin exchange? (Read 2831 times)
giving their people freedom to move capital out of country is not a very smart idea for such a poor country
Others are afraid of the North as it is a Communist country with its speicical manners of the introduction of affairs and the policy of governing the state. North Korea does not recognize other countries and their manners for managing affairs and poses a threat to others as it is unpredictable in decision-making in the sphere of domestic and international politics. Thus, the surrounding countries take a number of measures to avoid the possibility of carrying out suspicious actions by North Korea
Which I know north korea is very tight in the selection of cooperation .... north korea has indeed made a program that is almost the same as bitcoin function .... maybe it is a bitcoin factor not received in south korea ... Thanks
Maybe because it is there leader wanted we know that there are so many rules and regulation in north korea that take there freedom in many aspect and what there leader decide is what he wanted but maybe he have reason why not allowing bitcoin because of risk and illegal transaction that can happen in there country.
I would prefer that North Korea stay far away from Bitcoin..... if they start using Bitcoin to circumvent methods to nail them to the dark ages, we
might get strong opposition from the governments that are doing this. They are trying to cut them off financially to prevent them from using the
western financials systems to fund WWIII.
..... Stay far ....FAR ...away from Bitcoin.
might get strong opposition from the governments that are doing this. They are trying to cut them off financially to prevent them from using the
western financials systems to fund WWIII.
..... Stay far ....FAR ...away from Bitcoin. 
You're requesting something that's basically impossible for them. They barely have any right to freedom and you want them to use Bitcoin? Kim Jong-Un maybe could use it, but the others are just manipulated slaves and have no chance to do so.
Just look up "North Korean internet censorship" on Google and you'll find out the answer.
Just look up "North Korean internet censorship" on Google and you'll find out the answer.
The information you want to mention can not appear on google, because it is confidential information of a country, it can not be public on google.
Considering North Korea is still looking for good investment opportunity, such as their drug growing or fake bills bussinesses, it would not surprise me that they do it some day or another. I would love it, and I would frequent it much to do not give my money to the Americans, the Russians or the Chinese.
Because in North Korea the economy is poorly developed, and they still have a lot to work on.
http://money.cnn.com/2017/03/08/investing/north-korea-banks-swift-ban/
North Korea has been banned from the swift banking system. Wouldn't it make sense for Kim Jong-un to open up a bitcoin exchange and issue a North Korean digital currency? It would be like btc-e only a hundred times bigger and with tons of margin options and currencies.
p.s. mtjong.com is available
North Korea has been banned from the swift banking system. Wouldn't it make sense for Kim Jong-un to open up a bitcoin exchange and issue a North Korean digital currency? It would be like btc-e only a hundred times bigger and with tons of margin options and currencies.
p.s. mtjong.com is available
The bitcoin concept is capitalistic at it`s core and North Corea is a communist country.
I can`t see how this can happen.
I don`t think that the north coreans give a s*it about the swift banking system.
because they feel not safe to have one, i remember an article say that they had an hackers stealign a large amount of bitcoin in korea, don't remember now if south or north but the point stand
their exchange would be utterly unsecure and none will trust it, also in korea the adoption is not that high like japan people don't care too much about bitcoin there
As far as I know, Japan is on the verge of a real boom in the sphere oftheir exchange would be utterly unsecure and none will trust it, also in korea the adoption is not that high like japan people don't care too much about bitcoin there
crypto-currencies. It bitcoin provoked among the Japanese a real stir. I
believe that Japan is very skeptical about the legalization of bitcoins,
which I can not say about North Korea. Here already there is a policy.
Especially since I do not believe in the development of North Korea in the
world bitcoin.
because they feel not safe to have one, i remember an article say that they had an hackers stealign a large amount of bitcoin in korea, don't remember now if south or north but the point stand
their exchange would be utterly unsecure and none will trust it, also in korea the adoption is not that high like japan people don't care too much about bitcoin there
their exchange would be utterly unsecure and none will trust it, also in korea the adoption is not that high like japan people don't care too much about bitcoin there
Kim loves Bitcoin
Kim is just a rude dictator and i don't think he want his citizens to know anything about bitcoin. They can simply move their local fiat in bitcoin out of their country and flew out to live a luxurious life aboard.
Yes I agree with you, the governments of North Korea they control all of activity in the internetit makes difficult to the peoples on there to access bitcoin,
the governments will not gives chance to people become part of bitcoin (comunity of bitcoin)
because as we know bitcoin is decentralized and not centralization.
Kim is just a rude dictator and i don't think he want his citizens to know anything about bitcoin. They can simply move their local fiat in bitcoin out of their country and flew out to live a luxurious life aboard.
You're requesting something that's basically impossible for them. They barely have any right to freedom and you want them to use Bitcoin? Kim Jong-Un maybe could use it, but the others are just manipulated slaves and have no chance to do so.
Just look up "North Korean internet censorship" on Google and you'll find out the answer.
maybe if he "kim" will notice the advantage of bitcoin he will use it for its own purpose as bitcoin can give him a lots money while he stillJust look up "North Korean internet censorship" on Google and you'll find out the answer.
in control and with all the censorship no one will notice what is happening from btc.
As I recall, north Korea trying to compete and always make their own technology even though theirs just seem outdated. They will develop a new system or a new cryptocurrency instead of using bitcoin.
Seriously..? Why do they have to create one..?
Dont you guys know how Kim is holding North Korea for so many years.? If the people understood how the world is then Kim may not stay in power anymore.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
You're requesting something that's basically impossible for them. They barely have any right to freedom and you want them to use Bitcoin? Kim Jong-Un maybe could use it, but the others are just manipulated slaves and have no chance to do so.
Just look up "North Korean internet censorship" on Google and you'll find out the answer.
maybe if he "kim" will notice the advantage of bitcoin he will use it for its own purpose as bitcoin can give him a lots money while he stillJust look up "North Korean internet censorship" on Google and you'll find out the answer.
in control and with all the censorship no one will notice what is happening from btc.
As I recall, north Korea trying to compete and always make their own technology even though theirs just seem outdated. They will develop a new system or a new cryptocurrency instead of using bitcoin.
You're requesting something that's basically impossible for them. They barely have any right to freedom and you want them to use Bitcoin? Kim Jong-Un maybe could use it, but the others are just manipulated slaves and have no chance to do so.
Just look up "North Korean internet censorship" on Google and you'll find out the answer.
maybe if he "kim" will notice the advantage of bitcoin he will use it for its own purpose as bitcoin can give him a lots money while he stillJust look up "North Korean internet censorship" on Google and you'll find out the answer.
in control and with all the censorship no one will notice what is happening from btc.
You're requesting something that's basically impossible for them. They barely have any right to freedom and you want them to use Bitcoin? Kim Jong-Un maybe could use it, but the others are just manipulated slaves and have no chance to do so.
Just look up "North Korean internet censorship" on Google and you'll find out the answer.
Just look up "North Korean internet censorship" on Google and you'll find out the answer.
Quote
Security researchers said last year they believed a series of efforts to steal money from banks on the network used tools similar to those previously deployed by a sophisticated hacking group that has been linked to North Korea.
Good luck hacking Bitcoin Thus why they don't want it, beyond the obvious reasons stated above: no control.An own currency would be unfeasible, because no internet, no phones, no nothing...
Bitcoin exchange to do what exactly? fake trading volumes fake pump and dump? they need fiat and any bank providing them with their financial services will get banned plus paying fine as penalty, as much as bitcoin is a decentralized currency it still has some ties to the central banks unless you do money transfers using shill companies and anyone going all the trouble wouldn't have need bitcoin anymore.
One way would be for them to mine, accumulate over time and then exchange for fiat out side their country.
One way would be for them to mine, accumulate over time and then exchange for fiat out side their country.
Jump to: