North Korea Hosts a Conference for Blockchain Mixing Crypto With Tourism

January 21, 2019

North Korea, the mystery country, along with many people around the world decided to join the cryptocurrency game. At the Pyongyang Blockchain and Cryptocurrency Conference, North Korean crypto businesses and a visit to a beer factory will be introduced to participants.

North Korea will open its doors for a blockchain and cryptocurrency conference they plan to hold with international industry experts, this year.

According to the UK’s Independent, The Pyongyang Blockchain and cryptocurrency Conference will take place from April 18th-25th in 2019, and attendees will also be treated to a seven-day tour of the country. The Straits Times also cited from the Radio Free Asia that North Korea had already held a conference before but received very little media coverage. Perhaps they are trying to approach more participants by combining tech with tourism. People who buy the ticket valued at 3,300 Euro (US$3,750) can visit a beer factory and receive an all-inclusive stay in the country and be treated to a number of activities including a skate park, bowling, and shopping.

On the website promoting the event, the organizer adds “International experts in the blockchain and crypto industry will gather for the first time in Pyongyang to share their knowledge and vision, establish connections and discuss business opportunities,” adding this for people who may still have concerns for their safety. “The DPRK can be considered the safest country in the world. As long as you have basic common-sense and respect for the culture and belief of other nations, you’ll be always welcome.”

Although the event welcomes people from many countries, people who are passport holders from Japan, South Korea, and Israel which have a record of conflict with North Korea, are banned from joining. Journalists are also barred and the website keeps warning participants not to bring any contraband, which includes printed media.

North Korea always has its touch action towards illegal behavior. In that case, bringing any mass printed propaganda or digital/printed material against the dignity of the Republic is illegal.

Until now, there have been some leaks that the organizers are Alejandro Cao de Benos, a “Special Delegate for the Committee for Cultural Relations and President of the Korean Friendship Association (KFA),” and Chris Emms, a “Blockchain and Crypto expert.”

The sudden action of North Korea towards crypto-currency is attracting people from around the world, but mostly by the doubt of their true aim. A malware that mines MOnero, a privacy-focused digital currency, sending the ill-gotten gains to a server at Kim II Sung University in Pyongyang was discovered by a cybersecurity firm. Bloomberg also reported that North Korean hackers are trying to attack machines in the south to generate crypto-currency revenue for the regime.

DPRK is reasonable to show its close interest in digital currencies. Due to the sanctions tightening, it needs to follow Iran’s lead in switching for the future of its financial transactions.

 

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