South Korea Announces Anti-Money Laundering Policy to Prevent Illegal Cryptocurrency Trading

According to the Cointelegraph on the 10th, the National Assembly of the Republic of Korea will hold a seminar today on "How to ensure transparency in cryptocurrency transactions". The meeting will discuss issues related to the protection of financial markets and the establishment of a regulatory framework for cryptocurrency exchanges. It is known that South Korea has passed the special conference bill of the Conference to introduce digital media advertising technology such as user identification, assets and to make money laundering money needed. If the government signs this bill, a new hedging bill could be introduced in early March 2021 and block cryptocurrency trading linked to the illegal website. representative Lee Su-jin said, "Blockchain is the foundation of digital business and transparency is essential, but as cryptocurrencies have been used for counterfeiting purposes, the negative image is starting to unite and it is necessary to prevent financial transactions by engaging in research. organizations. » Organization.