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False remittances of virtual currency transactions in South Korea amounted to 750 million U.S. dollars

October 4, 2021
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According to data from the Office of the Planning and Finance Committee of the National Assembly of the Korea Customs Service on the 4th, the number of illegal foreign exchange transactions by the Korea Customs Service caught up in August this year and the amount sent to the prosecutor reached 1.2 trillion won (about 1.015 billion). Dollar).

It far exceeds 718.9 billion won last year. Among them, 885.6 billion won (approximately 750 million U.S. dollars) was used for false remittances for virtual currency transactions. The increase in the use of virtual currencies for illegal foreign exchange transactions also seems to be affected by the “kimchi premium”.

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