75% of illegal forex trading in South Korea is crypto-related

08/26 12:05

According to Bloomberg, the South Korean prosecutor's office said that the South Korean government is currently investigating four cases related to cryptocurrencies involving illegal foreign exchange transactions totaling more than $1.1 billion. In addition to these four illegal forex transactions, South Korea is also reviewing cases involving $3.4 billion in unusual transactions. According to a report disclosed by MP Min Byoung Dug, 75% of illegal foreign exchange transactions in the country are crypto-related, an increase of over 70% from the previous year.
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