Crypto is banned for citizens but used by the regime for sanctions evasion. The Lazarus Group (state‑backed hackers) has been known to convert stolen crypto (BTC, ETH) into gold via OTC brokers in China and Dubai. Elites with foreign bank accounts buy PAXG via Binance P2P using VPNs – highly risky.
How Pyongyang insiders access gold crypto:
- Use satellite internet (StarLink‑like service via Chinese partner) → access VPN → trade PAXG on KuCoin → withdraw to cold wallet.
- Gold‑backed tokens are preferred because they are less traceable than fiat.
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