TechFlow, on August 7, according to News1, the Financial Intelligence Unit (FIU), under South Korea's Financial Services Commission (FSC), commissioned on August 6 a second-phase study on virtual asset legislation, focusing on anti-money laundering (AML) measures for stablecoins.
The Financial Services Commission stated that upcoming regulations are expected to bring stablecoins into the regulatory framework, allowing their use in payments and cross-border transfers. This study will review global approaches to stablecoin regulation and examine applicable AML and counter-terrorist financing (CFT) standards.




