The National Police Agency of South Korea is planning to implement a real-time monitoring system for wallet addresses and freezing of funds.
They will hold a meeting with Binance and the top 5 crypto exchanges in South Korea to discuss these plans. The move comes as Binance acquired a majority stake in Gopax to re-enter the South Korean crypto market earlier this year.
South Korea is actively monitoring crypto exchanges and firms as the country is the second-largest crypto market and has passed laws to prevent crypto money laundering and crimes.
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