{"id":145442,"date":"2024-12-24T13:00:27","date_gmt":"2024-12-24T11:00:27","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=145442"},"modified":"2024-12-24T02:42:07","modified_gmt":"2024-12-24T00:42:07","slug":"south-korea-moves-to-tighten-crypto-regulations-with-new-amendment","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/south-korea-moves-to-tighten-crypto-regulations-with-new-amendment\/","title":{"rendered":"South Korea Moves to Tighten Crypto Regulations with New Amendment"},"content":{"rendered":"
Sponsored by Choi Eun-Seok of the ruling People Power Party, the amendment aims to combat crypto-related money laundering and foreign exchange crimes by improving transaction monitoring.<\/p>\n
Choi believes that the lack of oversight has contributed to the rise in illegal activities and stresses the need for better regulation.<\/p>\n
The bill, expected to be reviewed and potentially implemented in 2025, follows a report from the Korean Financial Intelligence Unit (FIU) showing a 48.8% increase in suspicious crypto transactions.<\/p>\n