• South Korea is set to make its crypto crime unit permanent.
• The crypto crime unit currently operates as a temporary body. 
• Making the unit permanent will increase the efficiency of the unit.

South Korea is set to embrace the importance of digital asset regulations and vigilance with the decision to turn its temporary crypto crime unit into a permanent one, according to a report from a local media outlet.

According to the report from Segye Ilbo, South Korea’s Justice Ministry and the Ministry of the Interior and Safety are set to initiate discussions in early May regarding the decision to turn the Joint Virtual Asset Crime Investigation Unit into an official department. 

It is important to note that the crypto crime unit currently operates as a temporary body under the Seoul Southern District Prosecutor’s Office and can be scratched out of existence when not being used. However, the report states that officiating the unit will boost its efficiency with the appointment of new prosecutors and budget allocation.

The Joint Virtual Asset Crime Investigation Unit was announced in July 2023 as South Korea’s first unit focused on crimes in the digital asse…

The post Temporary Crypto Crime Unit Turns Permanent in South Korea appeared first on Coin Edition.

• South Korea is set to make its crypto crime unit permanent.
• The crypto crime unit currently operates as a temporary body. 
• Making the unit permanent will increase the efficiency of the unit.

South Korea is set to embrace the importance of digital asset regulations and vigilance with the decision to turn its temporary crypto crime unit into a permanent one, according to a report from a local media outlet.

According to the report from Segye Ilbo, South Korea’s Justice Ministry and the Ministry of the Interior and Safety are set to initiate discussions in early May regarding the decision to turn the Joint Virtual Asset Crime Investigation Unit into an official department. 

It is important to note that the crypto crime unit currently operates as a temporary body under the Seoul Southern District Prosecutor’s Office and can be scratched out of existence when not being used. However, the report states that officiating the unit will boost its efficiency with the appointment of new prosecutors and budget allocation.

The Joint Virtual Asset Crime Investigation Unit was announced in July 2023 as South Korea’s first unit focused on crimes in the digital asse…

The post Temporary Crypto Crime Unit Turns Permanent in South Korea appeared first on Coin Edition.