| Mobile Web

Search results for AML

Crypto

Banks or non-banks? Last-minute tug of war over won stablecoin issuers

As discussions to institutionalise won-denominated stablecoins near the final stage, South Korea is debating how broadly to allow issuers. Authorities are consulting on issuer eligibility, reserve assets and redemption systems under the planned Digital Asset Framework Act. One option would allow issuance by consortia in which banks hold a majority stake. The Bank of Korea supports introducing private won stablecoins but stresses risks to financial markets and monetary policy as scale grows.

Crypto

UK FCA to revise DeFi and crypto regulatory standards ahead of 2027 framework

Britain\'s Financial Conduct Authority has launched a formal consultation on standards for decentralised finance firms to tackle money laundering and financial crime, and on the scope of exemptions from some crypto regulation. The process aims to clarify detailed criteria for applying rules to DeFi and stablecoins as the UK moves toward a new crypto regulatory framework. The new regime is due to take effect from October 2027, with registration and adjustments required by Feb. 28, 2027.

Crypto

KBank adopts blockchain transaction analysis solution to strengthen digital asset AML

KBank is strengthening its blockchain transaction analysis capabilities and anti-money laundering (AML) framework to prepare for the institutionalisation of digital assets, including stablecoins. The bank said it has adopted TranSight, a blockchain transaction analysis solution from blockchain compliance specialist Bonanza Factory. TranSight analyses wallet addresses and transaction flows to assess risks linked to money laundering and other financial crimes. KBank said it plans to further upgrade on-chain monitoring, AML and risk management, and expand cooperation and technical verification with global financial institutions.