The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has partnered with the UAE government to impose sanctions on individuals facilitating North Korea’s digital asset laundering activities.

1. OFAC has placed Chinese nationals Lu Huaying and Zhang Jian, as well as UAE-based Green Alpine Trading, on its sanctions list for cryptocurrency conversion and transfer of funds to North Korea.

2. The Treasury Department said North Korea continues to use digital assets to fund its weapons of mass destruction programs.

What do you think about these developments? Share your thoughts in the comments.