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Pyongyang University began offering cryptocurrencies courses and North Korea once again felt angry

North Korea seems to have been angry at bitcoin and cryptocurrency for a while. More recent reports show that college students in the hermit kingdom have been able to learn curricula about cryptocurrencies.

Pyongyang University's crypto currency course

It is reported that Pyongyang University is currently offering cryptocurrencies courses. The university is considered by the international community as the birthplace of North Korean hackers.

Although many organizations pointed out that the North Korean regime is stealing bitcoin and mining it , the existence of this course is a testimony that North Korea is keen on encrypting money. The United States CIA (CIA) on behalf of Priscilla Moriuchi said:

This course should only be a bona fide academic exchange; in North Korea, the government will prudently evaluate and manage everything.
Earlier this month, Federico Tenga, founder of Bitcoin startup startup Chainside, traveled to Pyongyang to teach knowledge of bitcoin and blockchain technology to nearly 40 outstanding students in the country . Tenga contacted North Korea's only foreign-funded school, Pyongyang University of Science and Technology, to give a speech at the forthcoming financial conference. However, the meeting was canceled as President Trump banned U.S. citizens from traveling to North Korea. Pyongyang then contacted Tenga, inviting him to attend a cryptocurrency course at his school.

North Korea's cryptocurrency awareness

Tenga spent a week at Pyongyang University, where he gave five 90-minute classes to about 40 students aged 20 to 25. He also held seminars with university staff.

Tenga said that although most of the students are good at English, they also understand the world beyond North Korea and have heard bitcoin, they have absolutely no understanding of the basics of bitcoin, such as mining and the flow of transactions. To the surprise of many, Tenga, doubling his country's ability to handle cryptocurrencies after returning from North Korea, This is completely different from the July report, when the security intelligence firm Recorded Future said Bitcoin mining in South Korea is ongoing and now Tenga is skeptical of the truth.

At that time, when I was in North Korea, I was still running the entire node of Bitcoin, so maybe those who monitored the North Korea network mistook for mining here.
Recorded Future responded to Tenga's inference, Moriuchi said:

Universities offer such courses and foreign experts introduce students to North Korea because government and senior leadership have realized the value of bitcoin and cryptocurrency, the source of funding for the development of the country's government.

North Korea and cryptocurrency

Although Pyongyang did not comment to Western media on its cryptocurrency course, a spokesman for the university said:

Our course is designed to help DPRK (Democratic People's Republic of Korea) people achieve effective development and bring more advantages to the people ... We are clearly aware of the issue of sanctions and the risk of misuse or misuse of resources and we have a clear idea of ​​how Be careful not to touch any sensitive topics or restricted areas.
Earlier this year, U.S. cyber-security company Fireeye accused North Korea of ​​attacking three South Korea's cryptocurrency exchanges by phishing attacks and malware . Fireeye's Luke McNamara told the media that economic sanctions are the main motivation for North Korea's government to move into cryptocurrency, saying North Korea "sees cryptocurrency as a low-cost way of getting cash."