According to a report by the U.S.-based Radio Free Asia(RFA) quoted by South Korean Yonhap news agency, North Korea, the hermit communist state which has been accused of exploiting digital security weakness in the West to acquire crypto capital through illicit means is organizing a cryptocurrency and blockchain conference.
The event is reportedly scheduled to take place this coming October and is aims to bring blockchain and crypto experts from around the world to meet North Korean representatives and enterprises. It is the first North Korean international conference and will span over a period of two days in the capital city of North Korea.
RFA reports that a security expert, speaking on the condition of anonymity spoke to the radio station and said that North Korea seems to be trying to show off their technology capabilities and for this event, their capabilities regarding cutting-edge crypto and blockchain technologies.
It appears that North Korea is trying to take advantage of the opportunities that come with blockchain and cryptocurrencies such as, unrestricted and anonymous transactions. North Korea is known to have limited access to the global financial system and thus is perhaps forced to look at viable options like cryptocurrencies where anyone or any country can enter and exit freely.
Sources: Straits Times, News BitCoin, Radio Free Asia