FATF and the United States are in the background of the travel rule

Coins can be transferred internationally without going through a bank. It can be used to launder illegal funds as it can bypass the government’s foreign exchange management. To prevent this, the International Anti-Money Laundering Organization (FATF) expanded the travel rules that were applied to existing financial institutions to virtual asset operators in 2019. In accordance with the Special Act, the Korean coin exchange will record the names of the senders and receivers of coins from March 25, and if suspected of illegal funds,


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