South Korea’s Ministry of Justice introduced its plan to launch the Virtual Currency Tracking System on 26 January to combat money laundering and trace funds related to illegal activities. The new system is expected to be deployed in the first half of 2023 and will be used to monitor transaction history, extract transaction-related information and examine the source of funds. An independent tracking and analysis system will also be developed in the second half of this year.
Source: https://cointelegraph.com
