• About us
  • Contact Us
  • Privacy & Policy
CryptoCoinNewsHub.com
No Result
View All Result
Sunday, July 12, 2020
  • Home
  • Live Updates
    • Cryptocurrency Prices
    • Live ICO
    • Live Exchange
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
  • Blockchain
  • Tech
  • Business
  • Trading
CryptoCoinNewsHub.com
  • Home
  • Live Updates
    • Cryptocurrency Prices
    • Live ICO
    • Live Exchange
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
  • Blockchain
  • Tech
  • Business
  • Trading
No Result
View All Result
CryptoCoinNewsHub.com
No Result
View All Result
Home Blockchain

North Korea in Early Stages of Building Own Cryptocurrency

September 18, 2019
in Blockchain
2 min read
0
North Korea in Early Stages of Building Own Cryptocurrency
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

A North Korean representative reportedly said that the country is in the early stages of developing its own Bitcoin (BTC)-like cryptocurrency.

North Korea trying to evade international sanctions

On Sept. 18, Vice news reported that the Democratic People’s Republic of Korea (DPRK) is developing its own cryptocurrency in an attempt to evade international sanctions and find a way around “the U.S.-dominated global financial system”.

Alejandro Cao de Benos, the official representative in charge of North Korea’s cryptocurrency conferences added that its yet-to-be-named cryptocurrency will be more like Bitcoin or other cryptocurrencies. Cao de Benos, who is also a special delegate for the Committee for Cultural Relations for the DPRK, added: 

“We are still in the very early stages in the creation of the token. Now we are in the phase of studying the goods that will give value to it […] No plans to digitize the [North Korean] won for now.” 

According to Vice, the North Korean Embassy to the United Nations in New York was not willing to confirm or deny Cao de Benos’s claim. “I am not in a position to give you an answer,” an embassy spokesperson apparently said.

North Korea accuses the United States of spreading rumors

As Cointelegraph previously reported, the UN Security Council North Korea sanctions committee said DPRK hackers were targeting foreign banks and cryptocurrency exchanges to steal money for funding its weapons of mass destruction program. The committee states that the DPRK has netted nearly $2 billion from such activities.

In response, the National Coordination Committee of the DPRK for Anti-Money Laundering and Countering the Financing of Terrorism, claimed that the United States and other hostile forces are spreading slanderous rumors about its intentions and activities.

RELATED  Crypto News From the Spanish-Speaking World: Sept. 2–8 in Review


Credit: Source link

  • Trending
  • Comments
  • Latest
BTC Outflow on BitMEX Exceeded Inflow by $73M: TokenAnalyst

BTC Outflow on BitMEX Exceeded Inflow by $73M: TokenAnalyst

July 21, 2019
Fidelity Joins Blockstream’s New Institutional Bitcoin Mining Service

Fidelity Joins Blockstream’s New Institutional Bitcoin Mining Service

August 9, 2019
Hackers Steal $4 Million Worth of Crypto from Bitrue

Hackers Steal $4 Million Worth of Crypto from Bitrue

June 27, 2019
UK Advertising Watchdog Upholds Complaint Against BitMEX Bitcoin Ad

UK Advertising Watchdog Upholds Complaint Against BitMEX Bitcoin Ad

August 14, 2019

Confiscated Bitcoins by Tax Agents Remain in a Criminal’s Wallet

February 7, 2020

XRP Beats Ethereum and Bitcoin as the Best Performing Crypto

February 1, 2020

Robin Hood- Problems in more than just Sherwood Forest

January 28, 2020

One Wallet Has 27% of Ether in Old MakerDAO Network

January 26, 2020
CryptoCoinNewsHub.com

CryptoCoinNewsHub.com is an online news portal which aims to provide latest trendy crypto news around the world with real time updates.
Email us hello@cryptocoinnewshub.com

Topics to Cover

  • Bitcoin
  • Blockchain
  • Business
  • Crypto News
  • Ethereum
  • Ripple
  • Tech
  • Trading

Whats New Here!

  • Confiscated Bitcoins by Tax Agents Remain in a Criminal’s Wallet
  • XRP Beats Ethereum and Bitcoin as the Best Performing Crypto
  • Robin Hood- Problems in more than just Sherwood Forest

Subscribe to get more

Simply subscribe to our newsletters and we will be in touch. Don't worry, we won't spam you

© 2019 CryptoCoinNewsHub.com - All rights reserved

No Result
View All Result
  • Home
  • Live Updates
    • Cryptocurrency Prices
    • Live ICO
    • Live Exchange
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
  • Blockchain
  • Tech
  • Business
  • Trading

© 2019 CryptoCoinNewsHub.com - All rights reserved

  • bitcoinBitcoin(BTC)$8,152.26-0.70%
  • ethereumEthereum(ETH)$175.30-1.63%
  • rippleXRP(XRP)$0.252799-0.58%
  • bitcoin-cashBitcoin Cash(BCH)$242.68-2.16%
  • tetherTether(USDT)$1.000.27%
  • litecoinLitecoin(LTC)$55.01-1.92%
  • eosEOS(EOS)$3.11-2.39%
  • binance-coinBinance Coin(BNB)$18.56-2.84%
  • cardanoCardano(ADA)$0.042556-2.10%
  • stellarStellar(XLM)$0.064655-3.04%
  • tronTRON(TRX)$0.016891-2.25%
  • moneroMonero(XMR)$58.64-0.32%
  • neoNEO(NEO)$11.682.51%
  • iotaIOTA(MIOTA)$0.245122-1.96%
  • dashDash(DASH)$65.431.15%
  • nemNEM(XEM)$0.039494-0.75%