The post South Korea to track North Korea’s Weapons Financing with Crypto! appeared first on Coinpedia Fintech News
South Korea is set to introduce new legislation aimed at tracking and freezing cryptocurrencies used by North Korea for its illegal weapons program. The bill comes as the North Korean regime has been accused of stealing more than $3 billion in cryptocurrency over the past five years. The move is part of broader efforts to strengthen existing sanctions against the regime and curb its ability to fund its weapons program through digital assets. The proposed legislation would also require digital asset exchanges in South Korea to report any suspicious cryptocurrency transactions related to North Korea.
Don't forget to share your review/suggestions for the android app.
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks