South Korea Crypto News
The “Virtual Currency Tracking System” is used to verify transaction history. Retrieve transaction related information And check the source of money before and after transferring money.
The Ministry of Justice in South Korea has announced plans to use crypto technology to combat money laundering and find a way to recover funds involved in criminal activity.
The “Virtual Currency Tracking System” is used to verify transaction history. Retrieve transaction related information and verify the source of funds before and after transferring money according toreportlocal media khgames
The system is scheduled to go live in the first half of 2023. The South Korean ministry has announced:
“To counter crime We will improve the forensic infrastructure. (Infrastructure) We will build a criminal justice system that meets international standards. (international standard)”
The South Korean police previously struck a deal with five local crypto exchanges to cooperate in criminal investigations and create a safe trading environment for crypto investors.
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