South Korea has recently announced that its temporary cryptocurrency investigative unit will become a permanent fixture due to the rising concerns about crypto crimes and illicit activities. The special crypto unit was initially set up on a temporary basis to probe into cases related to cryptocurrencies like Bitcoin, Ethereum, and others.
Following the increasing incidence of fraud, money laundering, and other irregularities associated with digital currencies, it was felt necessary to give the unit a permanent status. The decision reinforces South Korea’s stance to enhance its regulatory framework around