The post South Korea Strict Action Against Crypto Funding Weapons Program! appeared first on Coinpedia Fintech News
South Korea is taking a stand against North Korea’s illicit weapons program by planning to submit a bill that will track and freeze the country’s crypto and virtual assets. The move comes in response to Pyongyang’s use of these assets to fund its weapons program. The bill aims to crack down on any financial activity that supports North Korea’s nuclear and ballistic missile development. South Korea is known to be one of the world’s largest crypto markets, making it a key target for North Korea’s hacking operations. This new legislation shows South Korea’s commitment to ending Pyongyang’s proliferation of weapons of mass destruction.
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