The Currency Analytics
By Dan Saada
A new task force has been launched in South Korea to prevent and fight crimes related to cryptocurrency.
The Korean Broadcasting System (KBS) reported that the task force would be focusing mainly on cryptocurrency fraud and other kinds of crimes that are related to the Fintech…
Investigators and prosecutors from all parts of the world gathered in Seocho-dong, Seoul for the launch of this task force.
This force has been trained to track the accounts of those who have been suspected of being involved in the illegal transaction of funds.
South Korea banned initial coin offerings to protect the interests of investors thus preventing crypto crime at the most vulnerable point.
North Korea has been recently carrying out hacking activities targeting major cryptocurrency exchanges.
This is the first time that the illegal cryptocurrency activities have been reported. The panel feels that North Korea is avoiding the tracking process by…
The panel members stated that this provides the regime with “more ways to evade sanctions, given they are hard to trace, thus can be laundered many times and are independent of…
Estimates from the panel state that North Korea has been carrying out several successful attacks on the Asian cryptocurrency exchanges.
Early in February 2018, South Korea’s National Intelligence Service (NIS) reported the theft of tens of millions of dollars in cryptocurrencies in the year 2017 to the North…
The panel recommended the member states to improve on their ability to facilitate robust information exchange by the Democratic People’s Republic of Korea with their own…