South Korea To Deploy Cryptocurrency Tracking System.

submitted 1 year ago by CandyClub to Gaming

The “Virtual Currency Tracker System” will be utilized to examine the origin of funds both before and after a remittance, monitor the transaction history, and extract information relevant to transactions.

It was revealed by the Ministry of Justice in South Korea that there are plans to implement a crypto-tracking system. It is to combat initiatives related to money laundering and recover funds that are tied to criminal activity.