Korea’s Joint Investigation Team Launches… “A thorough investigation into the illegal forces of virtual assets”

The Seoul Southern District Prosecutors’ Office’s Virtual Asset Joint Investigation Team, which will deal with virtual asset crimes, will be launched on the 26th. This is the first time a dedicated cryptocurrency organization has been established in the prosecution.

With the launch of the joint investigative team, the prosecution office is speeding up its investigation into cryptocurrency crimes.

The government explained that a joint investigation team involving whole government organizations had been launched to create a healthy virtual asset ecosystem by stably establishing the initial virtual asset market without shrinking the virtual asset market.

The joint investigative team analyzes the process of issuance and distribution of insolvent and defective coins in cooperation with experts from each institution and plays a role in removing risk factors in the virtual asset market by sternly investigating criminal activities.

The joint investigative team will likely conduct the investigation in connection with the suspension of withdrawal of virtual asset customers such as Haru Investment and Delio, which were recently confiscated. There is also a possibility that the suspicion of Kim Nam-guk’s coin will proceed in the joint venture.