Prosecutors in South Korea say they will spend money on crypto tracking tools – and have claimed that they will use these innovative solutions to crack down on money-laundering, crypto-powered drug deals, and kimchi premium trading.
According to Kookmin Ilbo, the Supreme Prosecutors’ Office of the Republic of Korea (SPO) said it was ready to buy “tracking” software that would let it monitor crypto transactions to “investigate cases involving cryptocurrencies.”
The media outlet explained that one of its new “trackers” is “capable of the real-time monitoring of transactions for cryptocurrencies such as bitcoin (BTC).” Prosecutors also stated that tools they would buy could help them “extract correlation data in multiple transactions,” and let them look at wallet and exchange-related transaction histories.
Prosecutors explained that the tools would let them “check when, to whom, and to where cryptocurrency is being sent.”
War on Kimchi Premium Traders & Crypto-powered Drug Deals
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