As the number of South Korean crypto investors surpasses the 10 million milestone, a lawmaker from the country’s ruling party has requested countermeasures to address the rising number of suspicious transaction reports (STRs) involving digital assets.

Suspicious Activity Reports Hit Record High

On Monday, Jin Sung-joon, a Democratic Party of Korea (DPK) lawmaker on the National Assembly’s Planning and Finance Committee, reportedly warned of the potential exploitation of digital assets amid the crypto industry’s increasing adoption.

“As stablecoins are increasingly used as payment and settlement tools in the real economy, the potential for their misuse in foreign exchange crimes like illegal currency exchange is growing,” Jin stated.

The lawmaker shared data from the Financial Intelli

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