Korea Financial Supervisory Commission launches second phase study on virtual asset legislation, focusing on anti-money laundering measures for stablecoins
TechFlame
2025-08-07 01:32
TechFlame2025-08-07 01:32
English
TechFlame reports that the Financial Intelligence Unit (FIU) under the Korea Financial Supervisory Commission (FSC) commissioned a second phase study on virtual asset legislation on August 6, focusing on anti-money laundering (AML) measures for stablecoins.
The Financial Supervisory Commission said that upcoming regulations are expected to include stablecoins in the regulatory framework, allowing them to be used for payments and cross-border transfers. The study will review global stablecoin regulation methods and examine applicable anti-money laundering and anti-terrorist financing (CFT) standards.