Home arrow Article arrow Article Detail

North Koreans ‘Can Own Crypto,’ Pyongyang to Host Crypto Conference

Profile Image

Crypto Business World Follow


Sep, 11 2019

Sep, 11 2019

likes | comments 0

North Koreans ‘Can Own Crypto,’ Pyongyang to Host Crypto Conference 101
Source: iStock/Goddard_Photography

North Korea will host a second “international blockchain and cryptocurrency conference” in February 2020. And a source with close links to Pyongyang says that North Koreans can own cryptocurrency and has developers “working on crypto wallets.”

The 2020 event is being co-organized by the Korean Friendship Association (KFA), a Spain-based group that champions pro-North Korean government causes.

The KFA’s Alejandro Cao de Benes responded to a question on Twitter, stating that North Koreans are allowed to own cryptocurrencies, and that cryptocurrency wallets were currently in development in the country.

Cao de Benes also hinted that the country may be working on creating an exchange – although similar claims were made over a year ago.

Watch the latest reports by Block TV.

The week-long event will be held in the capital’s Pyongyang Science and Technology Complex from February 22 to 29, and – as previously promised by its organizers – appears to be larger in scale than this year’s event, held in April, which the KFA claims was attended by 100 participants from around the world.

Per an English-language booking website, attendees at the event will be able to rub shoulders with “[high-ranking] government officials and engineers,” and the forthcoming conference will have “[a bigger] audience and a wider scope” than this year’s event.

Tickets to the conference cost 3,400 euros each, but – like this year’s event – will be off-limits to South Korean, Japanese and Israeli passport holders.

The country recently hit back at what it calls “unfounded” claims by the UN, who last month said that the rogue state has been systematically raiding cryptocurrency exchanges at locations around the world, amassing some USD 2 billion – and using the funds to fuel its long-range missile and nuclear programs.

Both the United States and Seoul believe the country’s army contains a special sub-unit of “20 to 30 elite cyber warriors” who specialize in stealing cryptocurrency from exchanges.

Source: Cryptonews.com

likes | comments 0

Profile Image

Crypto Business World

CBW - External Analyst


Data Centre Construction - World First artificial intelligence AI-Tech Utility Token
Innovative Bitcoin Tool Empowers Billions of Companies with Lightning-Fast BTC Payments, Revolutionizing the Trillion-Dollar Market

The LINER (Lightning Index Rate) index is a cutting-edge tool that Amboss, a well-known Lightning data provider, has released in a bid to spur business adoption of Bitcoin's Lightning Network.;

Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.