North Korea Hoarding BTC & ETH

A meeting of the UN Security Council was recently informed by experts from the crypto industry that, a significant portion of the 'foreign' currencies held by North Korea, could be composed of BTC and ETH. The term 'foreign' currency refers to the $670 million of currency held by North Korea which, is not it's own currency.

While security analysts look at this as a means for North Korea to circumvent economic sanctions, the news should be of high interest to crypto enthusiasts. The news raises the possibility of similar stashes of crypto currencies, being held in other nations and by individuals or institutions.

As the CEO of Glitzkoin and a keen advocate of crypto currency, I do feel that a framework or rules and regulations, would allow cryptos to reach their full potential. The focus should be on eliminating misuse of cryptos, legal transactions should however not be curtailed or subject to tedious checks and audits.