South Korea to Establish Permanent Unit to Fight Crypto-Related Crimes
South Korea is working to establish a permanent crypto investigative unit to combat the rising cases of crypto-related fraud and crimes in the country. The Justice Ministry is set to begin discussions with the Ministry of the Interior and Safety in May to officialize the Joint Virtual Asset Crime Investigation Unit. The current temporary unit operates under the Seoul Southern District Prosecutor’s Office and may be dissolved at any time, but efforts are being made to solidify its status and bring more efficiency to the investigative unit. South Korea has seen a surge in crypto-related criminal activities, prompting the implementation of its first comprehensive crypto regulation on July 19.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget donates HK$12 million to support fire rescue and reconstruction efforts in Tai Po, Hong Kong
Bitget Spot Margin Announcement on Suspension of ELX/USDT Margin Trading Services
Enjoy perks for new grid traders and receive dual rewards totaling 150 USDT
Bitget Spot Margin Announcement on Suspension of BEAM/USDT, ZEREBRO/USDT, AVAIL/USDT, HIPPO/USDT, ORBS/USDT Margin Trading Services
