South Korea’s financial sector plans to formulate regulatory rules for virtual asset mixers
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.
You may also like
Ripple Funds Japanese Startups with $200,000 Grants
Russian National Indicted for $530M Crypto Laundering
Ethereum Sees $296M Inflows as Staking Peaks
Crypto Fund Assets Reach Record High in May 2025
Trending news
MoreCrypto prices
More








