The changing face of North Korea is taking an interesting turn as the nation enters the blockchain movement by hosting its first-ever international cryptocurrency conference. As cryptocurrency usage is on the rise across Asia, North Korea could be the next nation on the sub-continent to enjoy a crypto boom.

Only earlier this year did North Korean president, Kim Jong-un, finally bury the hatchet with America and Donald Trump, so the news it is planning to host an international cryptocurrency conference in October has taken the industry by surprise.

Korean cryptocurrency conference in October

It has been reported this week by the Singaporean news outlet, The Straits Times, that North Korea is finally entering the blockchain affray by hosting an international cryptocurrency conference for the first time that plans to showcase industry leaders from around the world.

This cryptocurrency event will be called the Korean International Blockchain Conference and will take place on the 1-3 October 2018. The event will be held in North Korea’s capital city, Pyongyang, and will aim to raise blockchain awareness across the nation and also to introduce blockchain advancements and technology to Korea.

A major part of the event will also be to attract investors to new Korean blockchain projects. Those attending the event will get to meet with business officials from North Korea to network and explore the possibilities of crypto businesses and adoption across the nation.

This inaugural cryptocurrency conference is not the first time that North Korea has shown interest in blockchain and crypto, as it attempted to develop its crypto mining options in 2017. In research compiled by the Korea Development Bank (KDB), it was reported that North Korea attempted to mine crypto between May and June 2017, but for undisclosed reasons was unsuccessful.

At around the same time, it was also reported that a tech firm from North Korea called Chosun Expo was in the early stages of developing a crypto exchange, which never came to fruition. As Korea’s relationships with international nations are still a bit strained, nobody at this point is quite sure if it can attract key speakers and industry professionals for the first-ever cryptocurrency conference to be held in Korea.

Other crypto events in October

If you are not too fussed about visiting the cryptocurrency conference in North Korea, there are a few more crypto events taking place in October that could tickle your fancy. The Crypto Challenge Forum is taking place on October 28-30 at Westminster in London and promises to be a must-see event that will attract industry insiders and like-minded crypto enthusiasts that will also focus on crypto ethics and economic integration issues.

If you are looking for another cryptocurrency conference in Asia during October, we would recommend the CryptoExpo.Asia, which is being held in Singapore at the Suntec Singapore Convention and Exhibition Center on October 26. This is one of the top cryptocurrency expos in Asia in 2018 and should not be missed if you live local or in surrounding nations.

This premier Korean cryptocurrency conference will no doubt attract publicity as the nation enters the blockchain industry, but will it attract key industry speakers and insiders to talk at the event? Only time will tell.