Japanese government officials have suggested that not enough is being done to prevent North Korea from hacking cryptocurrency. According to an unnamed official from the Ministry of Finance, North Korea is able to continue its missile and other activities despite sanctions, and is engaging in "unjustifiable actions involving cryptoassets, including the theft of tokens." Blockchain analysis firm Elliptic has claimed that North Korean hacker groups affiliated with government organs have stolen $721 million worth of crypto from Japan since 2017. Japan is using its G7 and G20 presidencies to push for greater regulation and sanctions on cryptocurrency, and hopes to spur fellow members into action.
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