INTERVIEW NK's cybercrimes expected to prompt US to bolster crypto rules
An advertisement for Bitcoin is displayed on a street in Hong Kong, Feb. 17, 2022. The European Union's beefed-up cryptocurrency rules got the final approval from member states, May 16, giving the bloc an edge in regulating the freewheeling sector. The European Council adopted the package of rules, known as Markets in Crypto Assets, or MiCA, in the final step of the 27-nation bloc's legislative process. AP-YonhapThis is the last in a two-part series of interviews with global experts in cryptocurrency investigations and cybersecurity as North Korea's illicit cyber activities represent an alarming new threat for Washington and its two most important East Asian allies, Seoul and Tokyo, amid Pyongyang's development of its nuclear weapons program. _ ED.Intelligence sharing between Seoul and Washington key to tracing funds, halting money launderingBy Kim Yoo-chul Last year alone, North Korea is said to have stolen at least $1.7 billion worth of cryptocurrencies, nearly four times more than the amount the Kim Jong-un regime pilfered in 2021, according to Chainalysis, a U.S.-based blockchain
May 24, 2023By Kim Yoo-chul
