The crypto money market, which blew people’s hair in 2022, thrilled people by making a promising entry in 2023. Now there is a development underway that could affect the level of the stock markets. The South Korean Ministry of Justice has announced a new cryptocurrency tracking system.

According to a report shared by one of South Korea’s local media outlets, “Virtual currency monitoring systemThis system, called “, will be used in many areas:

Monitor transaction history, extract transaction information, and check the funds source before and after transfer

The system is expected to go live in the first half of 2023, while the South Korean Ministry of Justice is in the second half of the year. developed an independent monitoring and analysis system. transferred. The translation of the Ministry’s statement is as follows:

“In response to the complexity of crime, we will improve the forensic infrastructure. We will establish a criminal justice system that meets international standards.”

The South Korean police previously made a deal with five local crypto exchanges to cooperate with criminal investigations and ultimately create a safe trading environment for crypto investors. in the second half of the year such a system will be introduced.