South Korea Targets Crypto Money Laundering with New Customer Verification Measures

On May 20, South Korea’s Financial Services Commission (FSC) decided to tighten customer identification for non-profit corporations and virtual asset exchanges. This measure is taken to lessen the chances of digital asset investors engaging in money laundering. Banks and virtual exchanges will have to pay special attention to their users’ identification and oversee each transaction […] The post South Korea Targets Crypto Money Laundering with New Customer Verification Measures appeared first on Coin Edition.