Editors Note: This article comes fromCointelegraph Chinese (ID: CointelegraphChina), Author: FELIPE ERAZO, reprinted with authorization by Odaily.
Editors Note: This article comes from
Cointelegraph Chinese (ID: CointelegraphChina)
, Author: FELIPE ERAZO, reprinted with authorization by Odaily.
South Korea’s National Assembly will host a speech titled “How to Improve Transparency in Cryptocurrency Transactions” on July 10. The news comes amid a recent child pornography scandal involving cryptocurrency transactions.
According to Kukto Ilbo, the seminar will discuss topics related to the prevention of money laundering and the creation of a system to oversee cryptocurrency transactions.
secondary title
Prevent money laundering with dark web cryptocurrency transactions
The initiative is led by Democratic Congressman Lee Soo-jin. Representatives from the Blockchain Law Association and blockchain media in South Korea will also participate in the workshop.
Congress has passed a special bill aimed at introducing a reporting system for digital asset businesses, including customer identification and establishing obligations to prevent money laundering.
If the government signs the law, the new anti-money laundering law could be issued as early as March 2021 to block cryptocurrency transactions related to the illegal dark web.
