South Korea’s Financial Services Commission (FSC) has updated its anti-money laundering rules by requiring domestic banks to monitor all of the accounts held by cryptocurrency exchanges, CoinDesk reported. Exchanges may have multiple accounts with a bank: They might have an account to store the funds...
July 24, 2022
South Korean prosecutors have raided the home of Daniel Shin, co-founder of Terraform Labs, as authorities there continue a probe into illegal activity behind the collapse of the TerraUSD stablecoin. There were several raids on crypto exchanges and offices Wednesday (July 20), Bloomberg reported Thursday, including Shin’s payment app Chai Corp., according to the Seoul […]
June 28, 2018
South Korea’s Financial Services Commission (FSC) has updated its anti-money laundering rules by requiring domestic banks to monitor all of the accounts held by cryptocurrency exchanges, CoinDesk reported. Exchanges may...
