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South Korea Uncovers $101M Crypto Laundering Ring Amid Regulatory Shift

South Korea Uncovers $101M Crypto Laundering Ring Amid Regulatory Shift

Author:

Global Cryptocurrency

Published:

2026-01-19 11:39:02

14

3

BTCCSquare news:

South Korean customs authorities have dismantled a $101.7 million cryptocurrency laundering operation involving three Chinese nationals. The scheme, active from September 2021 to June 2025, exploited cross-border crypto transfers disguised as legitimate expenses like medical tourism and education payments.

The crackdown coincides with South Korea's progressive crypto policy reforms. Regulators recently lifted a nine-year ban on corporate crypto investments, allowing listed companies to allocate up to 5% of equity capital to top-20 cryptocurrencies traded on major domestic exchanges.

By:

Bipartisan Senators Warn Crypto Bill Could Weaken Money Laundering Enforcement

|Square

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