Korean financial representative: regulating virtual currency requires multinational cooperation

According to the Yonhap News, on April 26, local time, Korean financial representatives attended the Financial Stability Board (FSB) General Meeting held by the Federal Reserve Bank of New York. At the meeting, he said: "The current problems of virtual currency need to be solved through multi-country cooperation. In this way, we can regulate virtual currency without regulatory loopholes." In addition, he also pointed out that countries need to follow the international anti-money laundering organization. (International Standards for Anti-Money Laundering Related to Virtual Money) formulated by the (FATF) to develop relevant laws and regulations.