• Crypto Currencies
  • ICO
  • Brokers
  • Android App
  • |
  • Apple App
Friday, February 26, 2021
No Result
View All Result
BECOME AN INVESTOR
OKOinvest  | English Version |
cryptocurrency
  • OKOINVEST
  • Cryptocurrency News
  • Portfolio
    • Stock Portfolio
    • Cryptocurrency Portfolio
  • Academia
    • Companies
    • Dictionary
  • Ratings
    • Brokers
  • Quotes
    • Crypto Currencies
  • Video
  • OKOINVEST
  • Cryptocurrency News
  • Portfolio
    • Stock Portfolio
    • Cryptocurrency Portfolio
  • Academia
    • Companies
    • Dictionary
  • Ratings
    • Brokers
  • Quotes
    • Crypto Currencies
  • Video
No Result
View All Result
OKOinvest  | English Version |
No Result
View All Result
Home Новости

South Korean Crypto Exchanges Search for ‘Seamless’ AML Solutions

South Korean Crypto Exchanges Search for ‘Seamless’ AML Solutions
0
SHARES
191
VIEWS
Share on FacebookShare on Twitter

Only a few months from the entry into force of a new law requiring all South Korean cryptocurrency trades to update the Serious Tax Evasion Enemy (AML) strategies, and a race is underway to obtain timely agreements – and refraining from breaking the law.

So, what anti-money laundering measures does the South Korean cryptocurrency trading receive before legal changes next year? Moreover, how can they affect customers?

RelatedPosts

EU Plans New Crypto Rules By 2024, Expects EUR 55bn in Added Value

World’s Largest Sovereign Wealth Fund Indirectly Owns Millions in Bitcoin

Bithumb Operator Wants At Least USD 430m For Its Stake In Exchange

“It seems that the greatest players in the cryptocurrency extremely quickly introduce the mechanisms of the mixing », which will allow the clients to quickly and in one movement clean up the initial agreements of AML and Know your client »(KYC). Some even need to use blockchain. Support advanced documentation or decentralized ID (DID) mechanisms or smooth the use of the same type of cycles that banks use. They do not need to follow the record to be severely confused – they will fight to prevent it”.

In addition, Lee said that impeccable customer experience was necessary for every major transaction.

“Measures to combat money-laundering are likely to be consistent. Customers as a rule will not notice that they exist, except in cases when they make such exchanges which will cause warnings in the bank”, he said.

According to the D Daily, several traders began developing their anti-money laundering measures in February, and a vote was even called under the new law.

Upbit stated that it works with the American Chainalysis and “develops” its AML structure. Thus, Bithumb’s attacker has teamed up with Octasolutions, which will provide customer confirmation arrangements as the main aspect of another suspicious exchange detection (STR) structure.

Both companies will also use the arrangements provided by Gtone, an administrative technology firm that currently provides anti-money-laundering administrative functions to major commercial banks in the country.

Two other specialists from the traditional “huge four”, Coinone and Korbit, collaborated with the supplier of anti-money laundering agreements Able Consulting, a firm established by previous anti-money laundering experts in Samil-Pwc, a joint venture of PricewaterhouseCoopers, despite internal promotion efforts. that use AI innovation.

Изображение cryptostock с сайта Pixabay

Previous Post

EU Plans New Crypto Rules By 2024, Expects EUR 55bn in Added Value

Related Posts

EU Plans New Crypto Rules By 2024, Expects EUR 55bn in Added Value
Новости

EU Plans New Crypto Rules By 2024, Expects EUR 55bn in Added Value

September 25, 2020
World’s Largest Sovereign Wealth Fund Indirectly Owns Millions in Bitcoin
Новости

World’s Largest Sovereign Wealth Fund Indirectly Owns Millions in Bitcoin

September 25, 2020
Bithumb Operator Wants At Least USD 430m For Its Stake In Exchange
Новости

Bithumb Operator Wants At Least USD 430m For Its Stake In Exchange

September 25, 2020
Regulation and Liquidity to Determine Institutional Investments in Crypto
Новости

Regulation and Liquidity to Determine Institutional Investments in Crypto

September 25, 2020
New Crypto ETF in Bermuda May Help Institutional Inflow
Новости

New Crypto ETF in Bermuda May Help Institutional Inflow

September 25, 2020
No Plans to Sell Bitcoin ‘On Short Notice,’ MicroStrategy CEO Confirms
Новости

No Plans to Sell Bitcoin ‘On Short Notice,’ MicroStrategy CEO Confirms

September 25, 2020
Bitcoin Mining Legalized in Venezuela, Miners Must Join ‘National Pool’
Новости

Bitcoin Mining Legalized in Venezuela, Miners Must Join ‘National Pool’

September 25, 2020
Bitcoin OTC Crackdown, Wrapped ETH on Tron, XRP Ledger Foundation
Новости

Bitcoin OTC Crackdown, Wrapped ETH on Tron, XRP Ledger Foundation

September 25, 2020

Recommended

78% of Ethereum Held in ‘Approver Qualified’ Wallets

78% of Ethereum Held in ‘Approver Qualified’ Wallets

7 months ago
No Plans to Sell Bitcoin ‘On Short Notice,’ MicroStrategy CEO Confirms

No Plans to Sell Bitcoin ‘On Short Notice,’ MicroStrategy CEO Confirms

5 months ago

Popular News

  • Collision of Miners and Investors Due to Offer of ETH; Error “Best” for Test Network

    Collision of Miners and Investors Due to Offer of ETH; Error “Best” for Test Network

    0 shares
    Share 0 Tweet 0
  • The Politician of the Central Bank of France: “Bitcoin Is a Myth”

    0 shares
    Share 0 Tweet 0
  • All About WAVE – Mainnet Release, Token & Exchange Listing

    0 shares
    Share 0 Tweet 0
  • Blockchain the Answer for Power Provider as China Energy Demand Soars

    0 shares
    Share 0 Tweet 0
  • “Exclusive mining” can be used for money laundering and tax evasion

    0 shares
    Share 0 Tweet 0

We on Facebook

OKOinvest  | English Version |

For advertisers: media kit, [email protected]

Contact the editors: [email protected]

Okoinvest.com is an illustrated publication about cryptocurrencies and financial markets.
We do not give advice and do not provide investment services. Let us know if you receive such offers on our behalf.

OKOINVEST apps

© OKOINVEST All rights to the content belong to their rightful owners. This site contains materials. All rights reserved.

No Result
View All Result
  • OKOINVEST
  • Cryptocurrency News
  • Portfolio
    • Stock Portfolio
    • Cryptocurrency Portfolio
  • Academia
    • Companies
    • Dictionary
  • Ratings
    • Brokers
  • Quotes
    • Crypto Currencies
  • Video

© OKOINVEST All rights to the content belong to their rightful owners. This site contains materials. All rights reserved.