North Korea Strongly Wants This Digital Currency
While China is leaving, North Korea pushes Bitcoin forward.
North Korea is still not satisfied. Aside from the nuclear bomb that North Korea owns, North Korea also wants to own a lot of Bitcoin. Now the question is, why does North Korea want a lot of Bitcoin? Is their dictator seeing something that is going to happen in the future that makes Bitcoin valuable to them?
North Korea’s cash-strapped regime has long sought workarounds to the increasingly harsh international sanctions aimed at tightening the financial noose around its nuclear and missile programs.
Now, according to Recorded Future, an intelligence research firm backed by Google Venture, Pyongyang is making a foray into cyberspace, launching a bitcoin “mining” operation, which saw a dramatic spike in its activity in mid-May.
Although the bitcoin activity amounts to only a token amount of funds at this point, there is significant potential for it to become a major source of income for the regime, the company said.
Is North Korea’s pursuit of bitcoin, the best-known cryptocurrency used for purchasing goods and services online, something the United States as well as the international community should worry about?
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