Japan Proposes G7 Ban on North Korean Crypto Theft
Japan Drives G7 to Act on North Korean Cyber Crimes
Japanese Prime Minister Shigeru Ishiba plans to address North Korean cyber-theft of cryptocurrencies at the upcoming G7 summit in Canada. The strategy aims to enhance multinational regulation, preventing siphoning of funds for weapon development. This agenda, a first for the G7, focuses on strengthening cooperative frameworks among member nations.
Regulatory enhancements may target major cryptocurrencies impacted by North Korean cyber activities, namely Bitcoin and Ethereum. Heightened scrutiny could lead to improved compliance standards across digital asset exchanges and DeFi platforms. The effort aligns with Japan’s broader commitment to regional security and counter-proliferation.
Shigeru Ishiba, Prime Minister of Japan, remarked, "Our aim is to establish a collective framework to cut off North Korea's access to cryptocurrency, which fuels their illegal activities" emphasizing the need for multilateral regulat
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