North Korea promotes ‘encrypted’ money transfers through new financial product
Service advertised in recent brochure likely aims at concentrating foreign currency in state hands, experts say
North Korea is offering a new financial product that allows secure transfers of foreign and domestic currency, a development experts say may help Pyongyang better track and control foreign currency in the country.
According to photos of a new brochure obtained by NK Pro, the “electronic payments” feature appears to be available on DPRK intranet shopping portal Manmulsang and to offer the country’s first-ever guarantee that user information and transaction details will be encrypted.
“Available at any time, at any place,” reads the brochure obtained earlier this year. “Users only need a cellphone, no
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