Representative Says Kim Jong-un Is In Good Health And Crypto Has A Role In North Korea
Representative Says Kim Jong-un Is In Good Health And Crypto Has A Role In North Korea
April 30, 2020
Representative Says Kim Jong-un Is In Good Health And Crypto Has A Role In North Korea
Representative Says Kim Jong-un Is In Good Health And Crypto Has A Role In North Korea
April 30, 2020

Alejandro Cao de Benos de Les Perez, the Special Representative of the Foreign Ministry, has said that Kim Jong-un, the Supreme Leader of North Korea, is in good health, as it has been recently reported about his ill health and death.

As per the report, Cao de Benos also said that, while he cannot confirm the rumors about Jong-un holding significant quantities of Bitcoin, he believes that the cryptocurrency has a role in North Korean society.

However, earlier this year, North Korea hosted a controversial conference on cryptocurrencies and blockchain technology, which was organized by Cao de Benos, as authorities are globally concerned that the country would use digital assets to overlook economic sanctions. 

It has been analyzed that in an interview with National Public Radio in 2013, Cao de Benos said that the sanctions were causing significant roadblocks to foreign investment.

He added:

“How can we transfer millions of euros from Canada to Pyongyang, if the U.S. blocks even a $100 wire transfer!”

To that end, Cao de Benos said:

“Crypto is a good resource against imperialism.”

Likewise, Cao de Benos is believed to be the only outsider ever employed by the North Korean government.

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Cao de Benos is a Spanish aristocrat who also holds the title of special delegate for North Korea’s Committee for Cultural Relations with Foreign Countries for nearly two decades. 

Moreover, the whole world has been surmising about Kim Jong-un’s state of health after the public noticed his absence from public ceremonies on the anniversary of his grandfather’s birth.

As per the report, an article has been published yesterday (April 29), where it stated that Jong-un’s death has gained acceptance after reports that his sister, Kim Yo-jong, recently received a major promotion in the country’s elité.

Furthermore, American President Donald Trump claimed to know Kim’s condition but consequently declined to elaborate, while other reports have stated that currently, Jong-un is relaxing at a lavish resort.

Thus, people in the crypto community feared that the country may sell its crypto holdings if the leader was indeed dead.

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Source: Cointelegraph | Image: CNN


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.