North Korea is working on building its own cryptocurrency

North Korea Plans Bitcoin like Cryptocurrency to Sidestep Sanctions

Development is seemingly still in its early stages and follows an analogous project from the South American nation, that launched its oil-backed Petro token last year – conjointly to avoid U.S.-led sanctions.

In a Wednesday report from Vice, Alejandro Cao DE Benos – the official managing North Korea’s cryptocurrency conferences. And a special delegate for the nation’s Committee for Cultural Relations. Same that the as-yet-unnamed token is anticipated to be “more like bitcoin or alternative cryptocurrencies.”

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