South Korea Looks to Freeze North Korea Crypto Use in New Bill

The South Korean government is taking a proactive stance against North Korea's use of cryptocurrency to fund its weapons programs. Reports indicate that South Korea plans to submit a bill to track and freeze cryptocurrencies and other virtual assets used by North Korea, a move aimed at crippling their financial resources.

Targeting Illicit Crypto Funding

The South Korean government is reportedly preparing to introduce legislation aimed at tracking and freezing North Korean cryptocurrency and virtual assets used to finance illicit weapons programs. This decisive action comes amid growing concerns about North Korea's ability to evade international sanctions through digital assets.

New Bill to Neutralize Stolen Crypto

According to the Korea JoongAng Daily, South Korea plans to submit a bill to track and freeze cryptocurrencies and other virtual assets used by North Korea, the Korea JoongAng Daily reported Monday. This represents a significant escalation in efforts to combat North Korea's financial activities.

Tracking and Freezing Virtual Assets

The new bill contains provisions that are explicitly designed to track and neutralize cryptocurrencies and other virtual assets stolen by North Korea and North Korea 4 de sept. de 2025The 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. The proposed legislation marks a critical step in preventing North Korea from leveraging stolen crypto for its weapons programs.

The introduction of this bill underscores South Korea's commitment to enforcing international sanctions and preventing North Korea from utilizing cryptocurrencies for illegal activities. The implementation of these measures could significantly impact North Korea's ability to finance its weapons programs in the future.