Crypto reserves in North Korea: what’s coming up?

[vc_row][vc_column][vc_paragraph text=”It is believed that North Korea keeps around $670 million in BTC and other cryptos, if not more. Nevertheless, the future of these funds remains uncertain.“][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”North Korean cache of crypto” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The world news resources are buzzing with rumors about Kim Jong Un, the North Korea leader.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Many people suppose him to be dead.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”China is reported to direct a medical team to help the leader to recover after an unsuccessful heart surgery. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”If the rumors appear to be truth the country’s stability will be seriously threatened. Despite all the geopolitical consequences, something should be done about the crypto reserves of the country.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”These reserves can be quickly sold out if the government sees some risks posed to them.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”According to UN Security Council report published in August, 2019, the ruling party had stolen around $2 billion in crypto since 2015. Hackers even used these funds to support the North Korean nuclear weapons programme.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Although it is still unclear how much crypto is hidden in their cache but it is supposed that the sum is significant and it exceeds $670 million. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”But now the future of the cache is uncertain. In fact, some of experts think these assets may be massively sold out on the market.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Nevertheless, it looks quite unlikely if, of course, the government is not in despair. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”We should first see how the leading party handles the current crisis and how much truth there is in the rumors about death of Kim Jong Un.”][/vc_column][/vc_row]