Korean Government to Adopt Cryptocurrency Tracking System Within 5 Months

The South Korean government will adopt a cryptocurrency tracking system within the first half of this year, the country’s Ministry of Justice reportedly announced. The tracking system will be used to monitor and analyze crypto transactions, particularly to uncover the sources of illegal funds.

South Korea to Start Tracking Crypto Transactions in 1H
South Korea’s Ministry of Justice (MOJ) reportedly announced that it will adopt a cryptocurrency tracking system within the first half of this year.

In its 2023 task report, the Justice Ministry explained that the tracking system will be used to monitor and analyze cryptocurrency transactions, particularly to uncover the sources of illegal funds. The ministry was quoted by local media as saying:

We will overhaul the forensic infrastructure in response to the modernization of crime.

The Korean government has been talking about adopting a system to track down illegal crypto transactions for many months. In October last year, the country’s Supreme Prosecutors’ Office said it was in the process of purchasing a cryptocurrency tracking system via the Public Procurement Service.

The Ministry of Justice noted that it will develop its own crypto tracking and analysis system in the latter half of the year.

The MOJ announcement followed a statement by Financial Supervisory Service (FSS) Governor Lee Bok-hyun, who said earlier this month that the regulator is planning to develop crypto monitoring tools to regularly inspect the risks associated with crypto assets. In addition, South Korea’s National Police Agency formed an agreement with the country’s five major cryptocurrency exchanges last October to collect data for crypto-related crime investigations.

Kevin Helms(2023.01.31) “Korean Government to Adopt Cryptocurrency Tracking System Within 5 Months”
retrieved from https://news.bitcoin.com/korean-government-to-adopt-cryptocurrency-tracking-system/

3 COMMENTS

  1. GET RICH WITH BLANK ATM CARD, Whatsapp: +18033921735

    I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Cyber hackers send them the atm blank card and use it to collect money in any atm machine and become rich {DARKWEBONLINEHACKERS@GMAIL.COM} I email them also and they sent me the blank atm card. I have use it to get 500,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode.

    You can also contact them for the service below

    * Western Union/MoneyGram Transfer

    * Bank Transfer

    * PayPal / Skrill Transfer

    * Crypto Mining

    * CashApp Transfer

    * Bitcoin Loans

    * Recover Stolen/Missing Crypto/Funds/Assets

    Email: darkwebonlinehackers@gmail.com

    Text & Call or WhatsApp: +18033921735

  2. LOST CRYPTOS CAN BE RECOVERED BACK

    Hello everyone digital trading ( Forex, Crypto and Option ) according to statistic is the best way to earn money working from home. But scammers have made it impossible for anyone to benefit from trading, A lot of people have been scammed and have lost their life savings to scammers. I was once a victim of digital trade fraud, but i was able to recover back my lost funds through the help of MorrisGray830 at gmail com and He also taught me the trick behind trading and also the best strategy to enter the market and when to exist the market. He is offering free tutorial on how to become a successful trader and also how to reclaim your lost funds.

LEAVE A REPLY

Please enter your comment!
Please enter your name here