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Korea Will Regulate Cryptocurrency Exchanges Like Commercial Banks, Legitimizing Industry

The Korea Financial Intelligence Unit (KFIU) and other local financial agencies will regulate cryptocurrency exchanges like banks, imposing strict anti-money laundering (AML) policies to ensure criminals do not utilize cryptocurrencies to finance illicit operations. Similar to Japan During the Policy Advisory Council meeting held on June 8, KFIU director Kim Geun-ik led an extensive discussion

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