News
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
