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South Korean Prosecutors Buy Blockchain Analytics Tools in Bid to Bust ‘Crypto Money Laundering’

South Korea’s prosecution service will buy new blockchain analytics software – and wants to use it to catch people laundering crypto overseas. Per the domestic media outlet Economist, the new tools will be used to apply...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

South Korean Prosecutors Buy Blockchain Analytics Tools in Bid to Bust ‘Crypto Money Laundering’
South Korea’s prosecution service will buy new blockchain analytics software – and wants to use it to catch people laundering crypto overseas.
Per the domestic media outlet Economist, the new tools will be used to apply the same level of scrutiny to overseas exchanges as is currently applied to domestic exchanges.
The project is the brainchild of the Supreme Prosecutor’s Office.
The office has opened a bidding process for the project....
Read More: South Korean Prosecutors Buy Blockchain Analytics Tools in Bid to Bust ‘Crypto Money Laundering’

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This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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