The police plan to strengthen their crackdown on so-called 'Tether laundromats'. This comes as criminal organizations have been repeatedly caught laundering funds using dollar-pegged stablecoins such as Tether (USDT). To this end, they also plan to strengthen their virtual asset investigation capabilities. According to the Korea Economic Daily, Park Sung-joo, head of the National Investigation Headquarters of the National Police Agency, stated at a press conference in Seoul on the 11th, “We will prepare specialized training for virtual asset investigations in cooperation with relevant organizations such as the Financial Intelligence Unit (FIU),” adding, “Investigations have already been conducted on major crimes using virtual assets, such as fraud, accusations, and drugs, and we will certainly investigate money laundering of criminal proceeds."
