South Korean gov't crypto procurement tops $7.2M, exceeding last year's total

The South Korean government's procurement spending on virtual asset-related projects this year has already surpassed the total for all of last year, Etoday reported. An analysis of public tenders revealed that the allocated budget has reached 10.06 billion won ($7.2 million), exceeding the 9.6 billion won ($6.9 million) budgeted for the entirety of the previous year. The report noted a shift in demand, which was previously centered on crime-tracking tools for police and prosecutors. Spending has now expanded to include tax infrastructure, such as an integrated analysis system for South Korea's National Tax Service, seized asset management, and reporting and verification systems.