U.S. Requires Korea to Align Stablecoin AML Standards to Global Level, Says MRI CEO on May 12

According to Kim Jong-seung, CEO of think tank MRI, speaking at a seminar held on May 12, the U.S. requires stablecoin issuers—including those issuing won-denominated stablecoins—to meet anti-money laundering (AML) and counter-terrorism financing (CFT) standards comparable to U.S. levels. Kim emphasized that for Korean won stablecoins to circulate in the U.S. market, Korea's regulatory framework and supervisory standards must achieve practical equivalence with the U.S. system. He noted that Korea's current regulatory framework under the Specific Financial Information Act (SFIL) requires substantial upgrades to support global competitiveness of domestic stablecoins.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments