In an attempt to showcase some of its technological advances and show its support for blockchain technology, North Korea has announced plans to hold a blockchain and cryptocurrency conference. This follows a similar conference held in August.
The country has announced plans are already in place to allow some of the top experts in cryptocurrency operations and blockchain technology around the world to talk and share some of their knowledge in the Pyongyang Blockchain Conference, which is scheduled for a whole week Within this week, guests and delegates will also be treated to a tour of the country, reports from independent England.
An event promotional website states that blockchain and crypto industry experts will meet for the first time in Pyongyang to share their knowledge and vision, establish connections and discuss business opportunities. "
However, it is also important to note that while Americans are welcome to participate, the conference will not be open to delegates from South Korea, Israel and Japan. Moreover, according to the report, journalists and "any mass propaganda or printed / digital material that is contrary to the dignity of the Republic" will not receive a pass for the event.
The continued interest of North Korea in the decentralized currencies and in the blockchain has been well documented in recent months. Last year alone, a computer security company called AlienVault discovered software that extracts Monero, which sends encryption to a server at the Kim Il Sung University of Pyongyang. Another hacking unit, the Andariel group, reported by Bloomberg, also reported a "cryptojacking" attack on a South Korean company.
It is hypothesized that the country is exploring the possibility of using digital resources as a means of escaping some of the sanctions imposed by the United States.
In its statement, the California security company said: "Cryptocurrencies can provide a financial lifeline to a country hit hard by sanctions and, as a result, the universities of Pyongyang have shown a clear interest in cryptocurrencies." They also added that the installer they analyzed could be "the most recent product of their efforts".
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