[On the Bar] Virtual currency and its anti-money laundering obligations in Korea
EconomyDec 25, 2018
On the Bar is a regular column written by attorneys at Yoon & Yang LLC on various laws and regulations that affect running a business in Korea. The content provided here is general legal information. -- Ed.In September 2017, in response to a surge in virtual currency transactions in mid-2017, the Financial Services Commission ultimately banned raising money through initial coin offerings for all types of virtual currencies. Subsequently, as the trading volume of virtual currencies in Korea d