South Korean financial regulators are reportedly looking to introduce new regulations around the use of crypto mixers in the country, following in the footsteps of the United States.
The South Korean government is reportedly considering imposing sanctions against the use of crypto-mixing services.
According to a report by a local publication, the South Korean financial regulator plans to introduce new regulations around digital asset mixing services akin to the United States amid the growing use of mixers for illegal money laundering operations.
South Korea’s financial regulator, the Financial Intelligence Unit (FIU), is reportedly working on legislation regarding using crypto-mixing services. The report noted that the financial regulator has just begun discussions around the need for regulations, which could take some time to come into force.
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Source: https://cointelegraph.com/news/south-korea-us-coin-mixers-potential-sanctions-report