Cryptocurrency Operation Held in South Korea

Prosecutors in Seoul, South Korea, have launched an investigation into allegations {that a} senior police officer accepted bribes in reference to cryptocurrency-related circumstances.

On August 23, the Digital Asset Crimes Joint Investigation Unit of the Seoul Southern District Prosecutor’s Workplace, led by Chief Park Geon-wook, raided the Gangnam Police Station as a part of an investigation.

The investigation focuses on a police officer recognized as “A” who’s suspected of receiving cash and items in alternate for advantages associated to a cryptocurrency case whereas serving on the Gangnam Police Station. Investigators have seized supplies from the police station’s investigation division to additional examine the allegations.

The involvement of the Seoul South District Public Prosecutor’s Workplace, which is exterior the jurisdiction of Gangnam Police Station, underlines the seriousness of the costs towards Officer A. The investigation goals to find out whether or not the officer used his place to in return to unlawfully affect investigations. for monetary achieve.

South Korea stays one of the vital widespread nations for cryptocurrency use, with Upbit and Bithumb working as the 2 largest exchanges within the nation.

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