Express

South Korea to Launch Crypto Tracking System in 2023

Summary: South Korea has announced plans to launch a cryptocurrency tracking system to counter money laundering crimes, according to reports by Cointelegraph. The “Virtual Currency Tracking System” will be used to monitor transactions, extract information, and locate fund sources, according to local media outlets. The system will be launched in 2023, with plans of developing an ...

South Korea has announced plans to launch a cryptocurrency tracking system to counter money laundering crimes, according to reports by Cointelegraph.

The “Virtual Currency Tracking System” will be used to monitor transactions, extract information, and locate fund sources, according to local media outlets.

The system will be launched in 2023, with plans of developing an independent tracking system in the second half of the year.

Author: Katie Lin

  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 11 hours ago
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 4 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 5 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 8 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 8 days ago
  • You need to login to comment.