The post South Korea launches unit to investigate crypto-related crimes. appeared first on Coinpedia Fintech News

South Korea has taken a critical step to combat the growing number of crypto-related crimes by launching a dedicated investigations unit. The multi-agency joint virtual asset crime investigation unit is made up of 30 investigators from different government departments and will concentrate on market manipulation, tax evasion, money laundering, and other illegal trading practices that involve high-volatility cryptocurrencies. Its aim is to safeguard investors while awaiting comprehensive regulations. South Korea is making progress in promoting responsible cryptocurrency use.