Expected to Review the Acceptance of Virtual Accounts through Detailed Examination of Exchanges during the Month of June under Financial Institution.

The government is reportedly planning to overhaul the virtual currency exchange, which has been sitting on the assumption that there are many speculative elements.

The move is aimed at increasing market control and curbing the disruption of the exchanges by forcing out some non-conforming exchanges through qualified examination, which is currently uncontrollable and allowws new virtual accounts for proven exchanges.

This can be seen as part of the government's recent move to legislate the cryptocurrency guidelines. The current administration map of the financial service commission's anti-money laundering guidelines on virtual currencies will be effective until July 9.
    
The Financial Services Commission and the Financial Supervisory said on March 3rd that they will legislate "a guideline against money laundering related to virtual currency" in their "plan to overhaul the financial administration map." Standards related to anti-money laundering (AML) and anti-terrorist financing (CFT) were also included in the legislation.

In particular, the central target of the financial watchdog's intensive inspection is said to be focusing on the names "kaduri" and "hives' accounts."

Meanwhile, a number of local financial officials said they hope the financial map will help address the issues regarding new virtual account and resume after the overhaul of regulations on the tightly-blocked local financial institution.

Reporter Gina Lee (news@dailycoinews.com)의 기사 더 보기

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