Bitcoin and North Korea
The value of Bitcoin is the one that millions of people attribute to it without knowing what it really is worth, or understanding how it works. As it stands, Bitcoin is no more an efficient means of payment than a safe haven. Above all, it serves as an instrument widely used for the purposes of tax evasion and even financing of terrorism. In North Korea, for example, the production of Bitcoin has undeniably helped raise funds for Kim's regime. Indeed, the involvement - or even the absolute control - of the North Korean authorities in this manufacturing process seems obvious in this country where the number of computers and IP space are at least limited. In addition, many of the attacks targeting online trading platforms originate from this country which has thus found an additional way to enrich itself illegally.
Has not his police just searched the two largest Bitcoin scholarships, Bithumb and Coinone? It is therefore clearer, in the light of this hunt for financing of terrorism and this strict regulation, the collapse of the value of Bitcoin of recent weeks. Widely used by fraud of all kinds in the two Koreas, but also in China where several production centers were unilaterally closed last January, Bitcoin rivals now with cash that is no longer the only vehicle operated for the commission of money laundering and crimes. It is not far away when a power - big or small - intervenes in an election with Bitcoins.