US warns of North Korea’s cryptocurrency scam

The US government has accused North Korean hackers of attacking US technology companies to steal digital assets. The US Department of the Treasury, together with the FBI and the Cybersecurity and Infrastructure Security Agency (CISA), issued a cybersecurity advisory warning of North Korean hack attacks on the blockchain and cryptocurrency industry. The recommendations say that the US government has long watched as North Korean cybercriminals prey on organizations working in the field of new technologies.…

FATF intends to tighten supervision of AML compliance in the crypto industry

The Financial Action Task Force (FATF) believes that more than half of jurisdictions do not comply with AML in relation to crypto companies. The group has posted a FATF State of Performance and Compliance report stating that nearly half of the countries still do not require cryptocurrency service providers to properly identify customers under anti-money laundering and terrorist financing (AML) regulations. The FATF has promised to strengthen monitoring of member countries, including the US, China…