Binance Korea to Integrate Coinfirm Real-Time AML Monitoring

2020-06-01

Binance Korea will be monitoring activity on its platform for signs of money laundering thanks to a solution developed by Coinfirm. The partnership, announced on Monday, will help Binance’s Korea branch remain compliant with Anti-Money Laundering egulations resulting from the Financial Action Task Force’s Travel Rule. Coinfirm provides a blockchain-agnostic AML platformRead More →

South Korea to Start Taxing Bitcoin Profits in 2021

2020-05-31

South Korea will start taxing profits from bitcoin (BTC) and other cryptocurrencies next year, according to local media reports. The taxation will also apply to bitcoin mining operations and income from initial coin offerings, should it be approved by Parliament. South Korea’s Ministry of Economy and Finance proposed the amendmentsRead More →