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South Korea's FIU launches second-phase legislative study on virtual assets, focusing on AML regulation of stablecoins
08-07 02:15

Odaily Planet Daily reports that the Financial Intelligence Analysis Unit (FIU) under the Financial Services Commission (FSC) of South Korea officially launched its research project on August 6th titled "Second Phase of Virtual Asset Legislation and Stablecoin Anti-Money Laundering (AML) System Improvement Plan." The project will investigate the legislative and regulatory framework for global stablecoins and assess their feasibility as payment and cross-border settlement tools.

The research will include differentiating between domestically and internationally issued stablecoins and analyzing the regulatory requirements applicable to their issuance, circulation, and redemption. The project will run until December 12, 2024, with a budget of 50 million won. (News1)

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资讯热榜
日榜
周榜
ShapeShift founder Erik Voorhees sells 6,581 ETH
Two whale addresses purchased over 25,700 ETH in total
Vitalik Buterin's on-chain assets exceed $1 billion again
Harvard Management Company (HMC) bought 1.9 million shares of BlackRock iShares Bitcoin Spot ETF in Q2, worth $116.7 million
Ethereum rises to hit $4,247, its highest price since December 10, 2021
A whale shorted ENA with 5x leverage, resulting in a floating loss of approximately $3.288 million. It also shorted multiple Ethereum ecosystem tokens.