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Home News South Korea’s virtual asset suspicious transaction reports in the first eight months of this year have exceeded the total for the past two years.

South Korea's virtual asset suspicious transaction reports in the first eight months of this year have exceeded the total for the past two years.

BlockBeats News, September 22nd, according to data from the Financial Intelligence Unit (FIU) of South Korea, from January to August 2025, the number of Suspicious Transaction Reports (STRs) submitted by South Korean virtual asset service providers reached 36,684, exceeding the total for the past two years (35,734).

Customs data shows that from 2021 to August 2025, the total scale of virtual asset-related crimes transferred to prosecutors has reached 9.56 trillion Korean won (about 6.8 billion U.S. dollars), with underground remittances accounting for 90.2%. In May of this year, South Korea uncovered an illegal cross-border remittance case conducted through USDT, with an amount of 57.1 billion Korean won (about 40.88 million U.S. dollars).

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