South Korea’s financial sector plans to formulate regulatory rules for virtual asset mixers

Golden Finance reported that South Korea’s financial authorities have begun to formulate regulatory rules for crypto asset “mixers” that are abused by illegal organizations as a means of money laundering. A source from the Financial Information Analysis Institute (FIU) of the Korea Financial Commission said: "If crypto assets are put into a mixer, it will be very troublesome to track the funds and monitor crimes. We believe that the risk of money laundering through mixers is high. The United States introduced mixer regulations last year Later, South Korea also began to consider this. Supervising crypto asset mixers requires international cooperation." #BTC #sui