South Korea Seeks to Regulate Crypto Mixers
The South Korean government intends to establish specific regulations targeting cryptocurrency mixers, which are used to obscure the origin of digital assets. This initiative is driven by the challenges these services pose in tracking money laundering conducted by criminal organizations.
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The South Korean government intends to establish specific regulations targeting cryptocurrency mixers, which are used to obscure the origin of digital assets. This initiative is driven by the challenges these services pose in tracking money laundering conducted by criminal organizations.
Moreover, it's noted that North Korean hackers are major users of these applications. The regulatory initiative, however, is not solely focused on security. Officials are also considering it as a means to enhance the attractiveness of the local market by promoting greater transparency.
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