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South Korea Crypto Regulation: New Bill Targets Money Laundering

Coinedition LogoCoinedition13h ago

South Korea Crypto Regulation: New Bill Targets Money Laundering - Coinedition

Quick Summary:

The amendment would require virtual assets service providers (VASPs) involved in cross-border transactions to register under the new Act and submit monthly reports of individual users’ transaction details to the Bank of Korea.

The South Korean government wants to amend its Foreign Exchange Transactions Act.

According to reports, Choi Eun-Seok, a member of the National […]


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Article Details

Author / Journalist: Ikemefula Aruogu

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 15:00:00 (13 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 152 words

Reading Time: 1 minutes read

Sentences: 44 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 24600236

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About Coinedition

Coinedition Logo

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 16 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 13 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #124

Publisher Details

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The story "South Korea Crypto Regulation: New Bill Targets Money Laundering" has 152 words across 44 sentences, which will take approximately 1 - 2 minutes for the average person to read.

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The story "South Korea Crypto Regulation: New Bill Targets Money Laundering" was covered 13 hours ago by Coinedition, a news publisher based in India.

How trustworthy is 'Coinedition' news outlet?

Coinedition is news outlet established in 2020 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 16 news stories per day.

It's most recent story was published 13 hours ago.

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  • News ID: #24600236
  • URL: https://beamstart.com/news/south-korea-crypto-regulation-new-17349678776098

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