Blockchain domestic and foreign regulatory trends and special law enforcement seminar successfully conclude

Blockchain domestic and foreign regulatory trends and special law enforcement seminar successfully conclude

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[Blockchain Today Reporter Jeong Seung-won] Busan Techno Park (CEO Jong-Yeol Choi), Busan Center for Creative Economy and Innovation (Chief Lee Seong-hak), Swiss Asia Crypto Alliance (SACA), law firm D-Lite (CEO Won-hee Cho) jointly Hosted by Dream Plus, the Korean Blockchain Society, and the Korean Blockchain Law Association sponsored for two days,’Enforcement of the Act on the Reporting and Use of Blockchain Domestic and Foreign Regulatory Trends and Specific Financial Transaction Information (hereinafter referred to as the Special Act)’ online The seminar ended successfully.

On the first day, the seminar held at Dream Plus in Seoul dealt with the trend of blockchain regulation abroad. Beginning with the overview of overseas regulatory trends by Wonhee Cho, Delight’s representative attorney, Session 2 was directed by Louis Lehot, Partner Attorney Foley & Lardner, on US Blockchain Regulation Trends, and Session 3 was Tammy Ahn. Blockchain Regulation Trends in Singapore by LodestarT, Session 4 is presented by Thomas Nägele, CCA Liechtenstein Chairman of Liechtenstein and EU Blockchain Regulations, and Jürg Baltensperger in the last session. SACA attorney presented on the Swiss blockchain regulatory trend.

In particular, at the seminar on the day, attorney Won-hee Cho diagnosed that “global regulations originate from the policies of the Money Laundering Equipment Financial Countermeasures Organization (FATF) and are applied according to the circumstances of each country. did. In addition, he suggested that it is unreasonable to expect that regulations will be eased.

CEO Ahn Tae-hyun advised, “Singapore is continuing to institutionalize, but utility coins are now subject to licenses, so if you enter Singapore in the future, it is necessary to thoroughly check the regulations in advance.”

On the second day, the seminar held at the Busan Techno Park was a place to focus on current issues related to the enforcement of the Special Law. First, is Kim Dong-hwan, D-Lite attorney, a virtual asset business operator? After opening the door by examining cases and issues, Session 2 was conducted by Chairman Ji-Yeol Ji-Yeol of Korea Anti-Money Laundering Experts Association, the basis and methodology for evaluating the risk of virtual asset business operators (VASPs) and anti-money laundering (AML) of financial companies. Park Kwan-seo, senior consultant, summarized practical issues for information security management system (ISMS) certification.

Seok-bin Yoon, a professor at the Intelligent Blockchain Research Center at Sogang University, who participated in the discussion session, diagnosed that “the technology in the blockchain field is also showing a trend of convergence with each other.” , CoinDesk’s editor-in-chief Kim Byung-cheol made an order to the effect that “it is not easy to obtain a real-name authentication linked account from a bank in connection with reporting a virtual asset business operator, and the banknotes need to review more positively.”

In addition, Shin Hyung-seop, CEO of AI Platform, said, “Even if you want to report it as a virtual asset business, it is difficult to report it because financial and manpower conditions do not fit, and it would be nice if you could consider a method of solving this part with a regulatory sandbox.”

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