S.Korea to adopt crypto tracking software in the first half of 2023

The South Korean Ministry of Justice (MOJ) announced Thursday that it will adopt a cryptocurrency tracking system within the first half of 2023 to clamp down on money laundering and improve its ability to claw back criminal proceeds.

  • The ministry intends to use the system to monitor and probe crypto transactions, and uncover the sources of illegal funds, according to the ministry’s 2023 task report.

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