According to the statement, the law enforcement agencies of South Korea are investigating the use of cryptocurrencies for illegal removal of capital from the country.
January 31, the Korea customs service (KCS) announced that a total of 637,5 billion (or about 600 million US dollars) in foreign currency were exchanged illegally, the result was the withdrawal of capital from the country with the use of cryptocurrency.
The investigation is part of the numerous activities of the South Korean authorities on the study of activities related to cryptocurrencies. And just a few days ago, the financial regulator of the country has banned the use of anonymous accounts for operations with cryptocurrencies.
The Korea customs service did not disclose any specific names of individuals or institutions who participated in the operation, but said that the unregistered currency exchange-listed 472,3 billion Korean won (443 962 000 USD) in crypto-currencies for customers from South Korea and Australia in the period from March to December last year.
The customs service has not announced whether it is taking any legal actions currently against these companies, but said that it would continue to investigate similar actions, and also illegal use of cryptocurrencies for money laundering and smuggling and the drug trade.