Stablecoins Become Preferred Tool for Cross-Border Money Laundering, Police Warn

SEOUL, Oct. 16 (Korea Bizwire) —  South Korean police say recent criminal investigations have exposed a growing use of virtual assets to launder the proceeds of large-scale frauds, reigniting debate over the need for stronger oversight as authorities and industry consider expanding the use of digital currencies, including won-pegged stablecoins. The Ulsan Police Agency disclosed [...]