South Korea has recently announced plans to introduce new regulations to strengthen oversight of cryptocurrency markets, particularly cross-border transactions.
South Korea has recently announced plans to introduce new regulations to strengthen oversight of cryptocurrency markets, particularly cross-border transactions. This decision is in response to concerns over money laundering and illegal activities in crypto exchanges. According to officials, South Korea intends to prevent unregulated cryptocurrency transactions and enhance global cooperation to reinforce international supervision and prevent regulatory violations. The country’s legal reforms will focus on stopping unofficial transactions and ensuring that the use of digital currencies aligns with existing laws.
Source: livebitcoinnews.com
