The Ministry of Justice in South Korea has revealed intentions to implement a crypto-tracking system to combat money laundering schemes and reclaim cash associated with criminal activity. According to a local media outlet, the Virtual Currency Tracking System would be used to keep track of transaction history, extract data about transactions, and verify the source of cash before and after the remittance. Virtual Currency Tracking System to Track Money Laundering The Ministry of Justice’s position is that it has decided to introduce a tracking system to strengthen the tracking of money laundering using virtual currency and the recovery of criminal The post South Korea to Introduce Virtual Currency Tracking System to Monitor Crypto appeared first on Cryptoknowmics-Crypto News and Media Platform .
