PANews reported on November 28th that, according to Yonhap News Agency, Lee Eok-won, Chairman of the Financial Services Commission of South Korea, stated at the 19th Anti-Money Laundering Day commemoration ceremony of the Financial Intelligence Analysis Institute on the 28th that the scope of the "travel rule," also known as the "cryptocurrency real-name system," will be expanded to include transactions below 1 million won (approximately US$680). He emphasized that money laundering activities using virtual asset transactions will be severely cracked down on, and virtual asset transactions with overseas exchanges with high money laundering risks will be prohibited. Furthermore, a strict review mechanism will be established to comprehensively examine the criminal records, financial status, and social creditworthiness of major shareholders of virtual asset businesses.PANews reported on November 28th that, according to Yonhap News Agency, Lee Eok-won, Chairman of the Financial Services Commission of South Korea, stated at the 19th Anti-Money Laundering Day commemoration ceremony of the Financial Intelligence Analysis Institute on the 28th that the scope of the "travel rule," also known as the "cryptocurrency real-name system," will be expanded to include transactions below 1 million won (approximately US$680). He emphasized that money laundering activities using virtual asset transactions will be severely cracked down on, and virtual asset transactions with overseas exchanges with high money laundering risks will be prohibited. Furthermore, a strict review mechanism will be established to comprehensively examine the criminal records, financial status, and social creditworthiness of major shareholders of virtual asset businesses.
South Korean Financial Services Commission Chairman: Crackdown on cryptocurrency money laundering; travel regulations expanded to include amounts under 1 million won.
PANews reported on November 28th that, according to Yonhap News Agency, Lee Eok-won, Chairman of the Financial Services Commission of South Korea, stated at the 19th Anti-Money Laundering Day commemoration ceremony of the Financial Intelligence Analysis Institute on the 28th that the scope of the "travel rule," also known as the "cryptocurrency real-name system," will be expanded to include transactions below 1 million won (approximately US$680). He emphasized that money laundering activities using virtual asset transactions will be severely cracked down on, and virtual asset transactions with overseas exchanges with high money laundering risks will be prohibited. Furthermore, a strict review mechanism will be established to comprehensively examine the criminal records, financial status, and social creditworthiness of major shareholders of virtual asset businesses.
Market Opportunity
Love Earn Enjoy Price(LEE)
$1.09
$1.09$1.09
USD
Love Earn Enjoy (LEE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Trading time: Tonight, the US GDP and the upcoming non-farm data will become the market focus. Institutions are bullish on BTC to $120,000 in the second quarter.
Daily market key data review and trend analysis, produced by PANews.
Share
PANews2025/04/30 13:50
Volume Jumps 1,600% in 24 Hours
The post Volume Jumps 1,600% in 24 Hours appeared on BitcoinEthereumNews.com. Axie Infinity (AXS) is trading at $1.29 at the time of writing, up more than 33% in
Share
BitcoinEthereumNews2026/01/15 01:21
OpenVPP accused of falsely advertising cooperation with the US government; SEC commissioner clarifies no involvement
PANews reported on September 17th that on-chain sleuth ZachXBT tweeted that OpenVPP ( $OVPP ) announced this week that it was collaborating with the US government to advance energy tokenization. SEC Commissioner Hester Peirce subsequently responded, stating that the company does not collaborate with or endorse any private crypto projects. The OpenVPP team subsequently hid the response. Several crypto influencers have participated in promoting the project, and the accounts involved have been questioned as typical influencer accounts.
Share
PANews2025/09/17 23:58