The South Korean Customs Service has awarded an officer who stopped smugglers from illegally bringing cryptocurrency mining gear into the nation.
Based on the Incheon Ilbo information company, an Incheon Airport regional customs officer stopped smugglers smuggling cryptocurrency mining gear value about $1.4 million into South Korea.
The customs service stated an inspector named So Min-seop “found smugglers” trying to “import digital foreign money mining machines.”
The service stated Search engine marketing admitted there have been “disguised product names” within the customs clearance documentation for the consignment.
So he flagged the bundle and helped uncover that the container was crammed with unregistered and undeclared cryptocurrency mining rigs.
On the awards ceremony, the service awarded So the Benefit Award within the Particular Customs Clearance class. The airport customs officer stated:
“We plan to proceed to determine and reward staff who’ve demonstrated excellent capabilities in customs administration. We need to reward those that contribute to the event of our establishment.”
The service stated Search engine marketing additionally “contributed to further detection” of contraband items by demonstrating abilities in “thorough evaluation of knowledge.”
South Korea Customs Service Is Waging a ‘Battle’ In opposition to Unlawful Cryptocurrency Actions and Medication
The service defined that it additionally rewarded different officers for intercepting “3.85 kg of methamphetamine (crystal methamphetamine).”
The medicine have been discovered hidden within the baggage of air passengers arriving in Incheon on a flight from Cambodia.
🇰🇷 South Korea seeks regulation of cryptomixers, citing circumstances of unlawful use
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– Cryptonews.com (@cryptonews) January 15, 2024
Customs and police officers are waging what the nation’s president has referred to as a “warfare” towards drug gross sales utilizing cryptocurrency.
Teenagers and other people of their 20s are smuggling medicine into the nation and utilizing Telegram and Bitcoin (BTC) to prepare secret drug “deliveries.”
In 2021, customs officers stated they tracked undeclared “kimchi premium” transactions that generated about $4.38 million in earnings.
Late final yr, customs officers arrested seven folks in a raid on a “deliberate unlawful playing community” that allegedly used USDT as a cash laundering device.