South Korea plans to submit bill to freeze North’s crypto assets: Report By Cointelegraph

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South Korea plans to submit bill to freeze North’s crypto assets: Report

Published Sep 04, 2023 06:48AM ET Updated Sep 04, 2023 08:20AM ET

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South Korea plans to submit bill to freeze North’s crypto assets: Report

The government of South Korea is reportedly planning to submit a bill that will track and freeze North Korean crypto and virtual assets that are used to fund illicit weapons programs.

According to a report by a local media outlet, the Korea JoongAng Daily, multiple anonymous government sources confirmed on Aug. 3 that the bill is in the works. A government official who remained anonymous reportedly said that the bill would reflect the president’s belief that the country’s cybersecurity framework needs to be repaired, the report said.

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