Why did South Korea launch a crypto-currency investigation unit?

South Korea launched an interagency investigation unit to tackle crypto-currency crimes on Wednesday amid a surge in illegal activities in the market and a lack of legal protections for investors.

Why did South Korea's crypto-currency market shrink 66% last year?

South Korea's crypto-currency market, which had been one of the fastest growing in the world, shrank 66% last year by market capitalisation, on a series of global and domestic events dampening investor sentiment, on top of high interest rates.

What will a crypto investigation entail?

It said investigations would especially target crypto-currencies of high price volatility or de-listing, for illegal trading practices, tax evasions, unauthorised foreign exchange transfers, concealment of criminal profits and money laundering.

Who manned the Joint Investigation Centre for crypto crime?

The Joint Investigation Centre for Crypto Crimes will be manned by some 30 personnel from judicial, financial, tax and customs agencies, the Prosecutors' Office said in a statement.