North Korea is preparing to launch its own digital currency
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Answer North Korea is preparing to launch its own digital currency
a statement a report New by VICE News, North Korea is in the early stages of developing its own digital currency.
Alejandro Cao de Pinos, a North Korean government official, stated that the goal of the new digital currency is to “avoid international sanctions and provide a tool capable of bypassing the global financial system dominated by the United States of America.”
He added, “We are still in the early stages of launching the digital currency. Now we are in the stage of studying the assets capable of supporting the digital currency.”
The report indicated that North Korea’s digital currency will not be a stable digital currency with the aim of replacing the traditional North Korean won, but will be a digital currency similar to Bitcoin or other digital currencies.
Read:Could buying Tesla with bitcoin be the same mistake as buying pizza with bitcoin?
It is worth noting that the name of North Korea has been mentioned more than once in the world of cryptocurrencies, as we published on the Arab Bitcoin website a report claiming that the North Korean government succeeded in hacking a number of cryptocurrency trading platforms and stealing more than 670 million dollars in cryptocurrencies.
Read:When is altcoin season and will there be a bounce soon?
But recently, the North Korean government denied this news, and the news was covered under the headline:
- North Korea denies stealing $2 billion from cryptocurrency markets
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