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South Korean Prosecution Service to Use New Blockchain Analytics Software to Catch Crypto Launderers Overseas

South Korea's prosecution service is planning to purchase new blockchain analytics software to catch people laundering cryptocurrency overseas. The Supreme Prosecutor's Office has opened a bidding process for the project, which it has named the "Advanced Cyber Investigation System". The new tools will be used to apply the same level of scrutiny to overseas exchanges as is currently applied to domestic exchanges. Law enforcement and judiciary spending on blockchain analytics tools is on the rise in South Korea, with police and prosecutors quadrupling their spending on tools that help them monitor crypto transactions.

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