[Photo News] On the first day of the enforcement of the revised bill of the Special Funds Act, Bitcoin KRW 64 million

On the 25th, the amendment to the Act on the Reporting and Use of Specific Financial Transaction Information (Special Act), which defines cryptocurrency (virtual currency) as a virtual asset and imposes an obligation to prevent money laundering for virtual asset business operators such as exchanges, came into effect on the 25th.

According to the financial authorities on the 25th, the amendment to the Special Money Act is the key to imposing reporting obligations to virtual asset business operators and preventing money laundering and terrorist financing activities. If the requirements are not met by the grace period of September 25, the acceptance of the business report may be rejected and business operations may have to be stopped.