The U.S. Treasury Department announced the successful closure of a North Korean cryptocurrency money laundering network that exchanged cryptocurrency for cash for North Korea through a front company based in the UAE, Green Alpine Trading, LLC. The U.S. collaborated with the UAE to take action, placing the company and two Chinese nationals involved in the network since 2022 on the sanctions list. The U.S. Treasury noted that North Korea is one of the main countries for global cryptocurrency crime, and this money laundering network has been implicated in the theft of billions of dollars in cryptocurrency assets to fund nuclear weapons programs. (CoinDesk)