The Ministry of Justice in South Korea is launching a crypto-tracking system to counter money-laundering activities.  The "Virtual Currency Tracking System" is designed to monitor transaction history and the source of funds before and after the remittance.  The ministry plans to launch its tracking system during the second half of 2023. In the meantime, it will use third-party software to monitor illicit transactions. "In response to the sophistication of crime, we will improve the forensic infrastructure (infrastructure). We will build a criminal justice system that meets international (global) standards." The South Korean police are currently collaborating with five local crypto exchanges, including Upbit, Bithumb, Coinone, Corbit, and Gopax, to monitor criminal activities.  Bithumb is being probed for tax evasion and price manipulation.  Prosecutors have raided the company's offices to gather evidence over price manipulation allegations.  The tokens that are being probed include Pixel Coin and GoMoney2. South Korean lawmakers also want to move forward with crypto regulations by drafting the Digital Asset Basic Act.  The country's judiciary has also started delisting tokens that fail to provide proper disclosures.