The Financial Supervisory Service of South Korea commissioned a study on global stablecoin legislation, focusing on anti-money laundering measures for stablecoins

ChainCatcher news, according to News1, the Financial Intelligence Unit (FIU) under the Financial Services Commission (FSC) of South Korea commissioned the second phase of research on virtual asset legislation on August 6, focusing on anti-money laundering (AML) measures for stablecoins.

The Financial Services Commission stated that the upcoming regulations are expected to incorporate stablecoins into the regulatory framework, allowing them to be used for payments and cross-border transfers. This research will review global regulatory approaches to stablecoins and examine applicable anti-money laundering and counter-terrorism financing (CFT) standards.