G7 Targets North Korea Crypto Hackers as Weapons-Financing Threat After $6.75B Stolen

The G7 just made North Korea hacking operation a formal geopolitical priority. Leaders from the world’s seven largest advanced economies issued a joint communiqué at the Evian summit just yesterday, explicitly calling out Pyongyang’s cryptocurrency theft machine. They accused the North Korean of draining more than $6.75 billion from the crypto ecosystem since 2017. The…

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U.S. regulators propose bank style customer ID rules for stablecoin issuers

U.S. regulators have proposed requiring certain payment stablecoin issuers to verify customer identities under a new rule issued as part of the GENIUS Act framework. Summary U.S. regulators have proposed requiring certain payment stablecoin issuers to adopt customer identification programs similar to those used by banks and credit unions. The proposed GENIUS Act rule would…

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