Under the Financial Crimes Enforcement framework for cryptocurrencies and related services and activities, officially legalizing they may be subject to mandating certain compliance measures.
He spent about 20 years at Bloomberg News covering financial markets, politics, commodities, natural disasters, renewable energy, and cryptocurrencies in roles including Tokyo Bureau Chief, Managing Editor, and Asia Editor-at-Large. This includes entities providing the following: Selling or buying virtual assets Exchanging virtual assets with other virtual assets Transferring of virtual assets for purchase, exchange, storage or management of virtual assets upon request Storing or managing virtual assets Acting as an intermediary, mediating, or acting on behalf of sellers and exchange providers Other acts prescribed by Presidential Decree as being highly likely to be used for money laundering and public intimidation financing in relation to virtual assets Who is the regulator? Get started in just minutes with the industry's only bank grade end-to-end counterparty verification solution. Suggested read: Travel Rule in South Korea.
