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South Korea Plans To Establish Permanent Crypto Investigative Unit Amid Rising Crimes

South Korea is combating the increasing incidents of cryptocurrency-related crimes and fraud cases by transitioning its temporary crypto investigative unit into a permanent one, according to a local report. The proposed promotion aims to solidify the unit's status, as it currently operates as a temporary body under the Seoul Southern District Prosecutor's Office, making it susceptible to potential disbandment. The country has witnessed a significant surge in cryptocurrency-related criminal activities. Furthermore, South Korea is set to implement its first comprehensive crypto regulation on July 19, aimed at safeguarding investors.

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