The South Korean government has officially released two sets of previously promised guidelines that specify cryptocurrency regulatory measures. In addition to details of the new real-name system to end anonymous trading of cryptocurrencies, the government also published its anti-money laundering guidelines for banks providing services to cryptocurrency exchanges.
Implementation of Crypto MeasuresOn Tuesday, the South Korean government officially released a document containing the
guidelines for cryptocurrency regulations it previously promised. The announcement was made by Vice Chairman of the Financial Services Commission (FSC), Kim Yong-bum.
This document details the government’s Special Measures for the Elimination of Virtual Currency Speculation which was first announced on December 28. In addition, the government also announced on Tuesday its anti-money laundering (AML) guidelines, prepared by the Korean Financial Intelligence Unit (FIU), an FSC division, for all banks dealing with cryptocurrency accounts to follow.
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https://news.bitcoin.com/south-korea-releases-official-guidelines-cryptocurrency-exchanges-banks
