South Korea plans legislation to boost cybersecurity and confiscate cryptocurrencies stolen by North Korean hackers

BlockBeats news, on September 5, South Korea's "JoongAng Ilbo" quoted multiple government sources as saying that South Korean officials have been working on legislation in the past 10 months to "track virtual currencies and other crypto assets stolen by North Korean hackers." ”. Several officials said the legislation had completed a round of revisions to include "practical measures to strengthen national security" under the orders of President Yoon Suk-yue. North Korea conducts about 650,000 hacks a day in South Korea alone, according to South Korea's National Intelligence Service. In addition to plans to monitor and confiscate North Korean cryptocurrencies, South Korea’s new bill would also include the creation of a National Cyber ​​Security Commission under the direct control of the president. This would enable "the prohibition of the manufacture, import and sale of products that interfere with cybersecurity," said an official, speaking on condition of anonymity.