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Crypto wrap: Korean crime soars, FCA alerts, Hamas crypto use overestimated

GRIP Montage: Getty Images

50% rise in Korean cryptocrime, 10,000 ads withdrawn after FCA alerts, Hamas’s crypto financing not as widespread as implied.

South Korea’s Financial Intelligence Unit (FIU) has put in place a work plan to strengthen the response to money laundering related to virtual assets and illegal private finance.

After encouraging financial sites to actively report suspicious transactions, the number of reports to FIU increased 49% compared to the previous year.