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The Financial Services Commission of South Korea has commissioned a study on global stablecoin regulation, with a focus on the anti-money laundering measures of stablecoins.
BlockBeats News, August 7th, according to CoinNess, on August 6th, the Financial Intelligence Unit (FIU) under the Financial Services Commission (FSC) of South Korea commissioned the second-stage study of virtual asset legislation, with a focus on anti-money laundering (AML) measures for stablecoins.
The FSC stated that the upcoming regulations are expected to bring stablecoins into the regulatory framework, allowing them to be used for payments and cross-border transfers. This study will review global stablecoin regulatory approaches and explore applicable anti-money laundering and combating the financing of terrorism (CFT) standards.
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