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North Korea Starts Accepting Bitcoin – Maybe - Bitsonline (press release) (blog)

Published 2 years ago

North Korea Starts Accepting Bitcoin – Maybe - Bitsonline (press release) (blog)

BitsOnline via bitsonline.com

It looks like North Korea is accepting bitcoin now, at least according to popular service Coinmap.org. Also read: Airbitz: Our App Is Great for Paying Bitcoin Taxes Earlier today, Reddit user “Svensis” brought it to the community’s attention that Coinmap had added locations in Pyongyang, North Korea’s capital city, where Bitcoiners could use the cryptocurrency to pay for goods. Even if this development is true, it is unsure how Bitcoin can actually work in North Korea. This news comes just days after CNN reported on North Korean hackers attempting to steal large amounts of bitcoin on behalf of Kim Jong-un’s regime. CNN quoted FireEye chief technology officer Bryce Boland as saying that, for North Korea, “attacks on cryptocurrency exchanges can be a great vehicle to obtain what is ultimately hard currency.” FireEye said the hackers targeting three cryptocurrency exchanges in South Korea between May and July 2017, shortly after the US announced tighter sanctions against Pyongyang. CNN noted that North Korean hackers also attacked South Korean exchanges between 2013 and 2015, stealing bitcoin worth US $88,000 based on market rates at the time. Join the Bitsonline Telegram channel to get the latest Bitcoin, cryptocurrency and tech news Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full

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