Today news
About the same in other media
South Korean lawmakers push back against controversial “know-the-sender” rule
Reading now: 981
South Korea’s crypto community coul soon face stringent reporting requirements on all cryptocurrency transactions, with the country’s National Assembly currently debating whether “know-the sender” (KTS) rules should be imposed.
Arguments against the proposed KTS rule were heard before the Political Affairs Committee of South Korea’s legislature on Nov. 16, with lawmakers and industry experts pushing back against the proposed legislation.
If written into law, the KTS rule would stipulate that businesses which receive any crypto assets must verify and report the name of the issuer and their location. In the case of business-to-business transactions, the issuer’s legal status and number of employees must be reported also.
Choi Hwa-In of the
Read more on cointelegraph.comAbout this in other media
South Korean Political Parties in ‘De Facto Agreement’ over Crypto Tax Delay cryptonews.com /2 years ago
Despite regulatory headwinds, P2P crypto trading surges in South Korea ambcrypto.com /2 years ago
Amid tightening regulations in South Korea, Vidente eyes controlling stake in Bithumb ambcrypto.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
