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South Korea's Financial Supervisory Commission Entrusts Research on Global Stablecoin Legislation, Focusing on Anti-Money Laundering Measures
Summary: According to News1, South Korea's Financial Supervisory Commission (FSC) has entrusted its Financial Intelligence Unit (FIU) to conduct research on the second phase of virtual asset legislation, with a focus on stablecoins' anti-money laundering (AML) measures. The Commission stated that upcoming regulations are expected to include stablecoins in the regulatory framework, allowing them to be ...
According to News1, South Korea's Financial Supervisory Commission (FSC) has entrusted its Financial Intelligence Unit (FIU) to conduct research on the second phase of virtual asset legislation, with a focus on stablecoins' anti-money laundering (AML) measures. The Commission stated that upcoming regulations are expected to include stablecoins in the regulatory framework, allowing them to be used for payments and cross-border transfers. This research will examine global stablecoin regulatory approaches and study applicable anti-money laundering and countering the financing of terrorism (CFT) standards.
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Link: South Korea's Financial Supervisory Commission Entrusts Research on Global Stablecoin Legislation, Focusing on Anti-Money Laundering Measures [Copy]
