Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
South Korea’s financial sector plans to formulate regulatory rules for virtual asset mixers

South Korea’s financial sector plans to formulate regulatory rules for virtual asset mixers

Cointime2024/01/15 08:32
By: Cointime
FIU0.00%

The South Korean financial authorities are developing regulatory rules for encrypted assets "mixers" that are being misused by illegal organizations as a means of money laundering. A spokesperson for the Financial Information Analysis Institute (FIU) of the South Korean Financial Services Commission said: "If encrypted assets are put into a mixer, it will be very difficult to track funds and monitor crimes. We believe that the risk of money laundering through mixers is very high. After the United States introduced mixer regulations last year, South Korea also began to consider this. Regulating encrypted asset mixers requires international cooperation."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitget x BAY Carnival: Grab a share of 4,000,000 BAY!
Bitget Announcement2025/11/03 10:00

Trending news

More
1
Invite friends to copy trade and grab a share of 80,000 USDT! ​
2
KITEUSDT now launched for futures trading and trading bots

Crypto prices

More
Bitcoin
Bitcoin
BTC
$104,603.55
-2.69%
Ethereum
Ethereum
ETH
$3,506.69
-5.55%
Tether USDt
Tether USDt
USDT
$1
+0.03%
XRP
XRP
XRP
$2.28
-5.34%
BNB
BNB
BNB
$953.38
-7.35%
Solana
Solana
SOL
$158.72
-9.70%
USDC
USDC
USDC
$0.9999
+0.02%
TRON
TRON
TRX
$0.2817
-4.02%
Dogecoin
Dogecoin
DOGE
$0.1646
-4.81%
Cardano
Cardano
ADA
$0.5395
-5.68%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter