Police Strictly Respond to Illegal Activities Related to Virtual Currency... Task Force Formed

[Asia Economy Reporter Lee Gwan-joo] The police have formed a task force (TF) to respond to illegal activities related to virtual currencies and have begun full-scale measures.

On the 20th, the National Police Agency announced that it had formed the "Comprehensive Task Force for Illegal Activities in Virtual Assets," led by Deputy Commissioner Song Min-heon.

The TF held its first meeting on the 18th, chaired by Deputy Commissioner Song. The meeting was attended by related department heads, including Choi Seung-ryeol, Director of the Investigation Bureau at the National Police Agency, and Kim Gap-sik, Director of the Cyber Investigation Bureau.

The TF will hold regular meetings every two weeks and convene additional meetings as needed. The Investigation Bureau will also operate a practical TF attended by managers at the section chief level.

A police official stated, "To eradicate financial crimes affecting the public livelihood, the government is strengthening its response to illegal activities related to virtual currencies across all ministries," adding, "The police will actively investigate related crimes through the TF."

The police are conducting focused crackdowns on illegal multi-level marketing and investment fraud in line with the government-wide special crackdown on virtual currencies scheduled until next month.

This content was produced with the assistance of AI translation services.