South Korea’s Biggest Exchanges Pen Crypto Crime-fighting Deal with Police
Source: Paegag/Adobe The five biggest crypto exchanges in South Korea have signed a “crypto crime-fighting” MOU deal with the nation’s police force – and will work with officers fighting crypto-powered money launderers and crypto scam artists. According to Fn News, the exchanges – the market-leading Upbit and Bithumb, as well as Korbit, Coinone, and Gopax – have agreed to work with police investigations into “crimes related to virtual assets” and “prevent damage” to investors. The police explained that the rate of crime &ldquo ;in the investment sector” was now on the rise and spoke of a fast-developing crypto and stock investment “craze.” Upbit trading volumes. (Source: CoinGecko) Officers also noted that the size of the domestic crypto market is continuing to rise – although the past few months have seen a slowdown with the onset of the bear market. But, they noted, more and more S...