North Korea wants its own crypto, Iranian Bitcoiners risk jail time and Bitcoin is trading around 7.850 USD
Here is your daily overview of interesting, important and market moving cryptonews.
North Korea Wants Its Own Crypto
A movement to create a national cryptocurrency is gaining momentum in Asia. After China, also North Korean authorities announced their readiness to issue digital money.
Among the reasons for issuing a North Korean digital coin, experts name the circumvention of Western sanctions, money laundering, speculation and even the manufacturing of weapons of mass destruction.
Iranian Bitcoiners Risk Jail Time
The Iranian government has been cracking down on cryptocurrency mining operations over the past three months, pending new legislation for mining licenses.
Since authorities have not officially approved a mining license process, Bitcoin miners can be jailed for continuing to operate. More often, they face exorbitant fines or have their equipment sealed off.
Bitcoin trading around 7.850 USD
Bitcoin started the weekend with a price around 8.200 USD. It’s price remained volatile during the weekend and had a peak of 8.350 USD on Saturday. Bitcoin is now trading around 7.850 USD.
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