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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

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