4/19, 7:54 AM (Source: TeleTrader)
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Seoul vows to prevent cryptocurrency misuses

South Korean Office for Government Policy Coordination stated on Monday that it intends to intensify activities aimed at preventing illegalities involving cryptocurrencies, such as money laundering.

The office explained that the move comes as a consequence of increased demand and purchases of cryptos, with Bitcoin being the most popular among South Korean investors.

"There is a need to pay special attention to the occurrence of illegal activities using virtual assets," Koo Yun-cheol, head of the office, explained, as translated by Yonhap.

Breaking the News / BU