BASIS ID is set for South Korea’s new AML rules for cryptocurrency

Recently, South Korea has approved new anti-money laundering measures for the digital currency sector.

SOUTH KOREAN AML BACKGROUND

INSIDE OF THE AMENDMENT

“Bad news for scammy ICOs and exchanges. Good news for blockchain professionals in Korea”

DAO is a stablecoin cryptocurrency that aims to keep its value as close to one United States dollar as possible through an automated system of smart contracts on the Ethereum blockchain.

CRITICS

Local AML Regulations in South Korea

“Many crypto exchanges have tried to abide by the new law by getting real-name accounts from the local banks, but it didn‘t work. Even those that are equipped with an information security management system and have CEOs with no criminal records were not able to forge a partnership with banks”

BASIS ID SOLUTIONS

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The best solution to business tasks of KYC, AML and verification procedure. www.basisid.com

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BASIS ID

The best solution to business tasks of KYC, AML and verification procedure. www.basisid.com