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.
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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.