Regtech: Compliance Firm Uppsala Security to Create Virtual Asset AML Solution for South Korean Crypto Exchange
April 5, 2021 @ 11:53 pm By Omar Faridi
Uppsala Security, a provider of tools for Crypto AML, Risk Management, Regulatory Compliance, and Cybersecurity, has revealed they’ve entered into a contract to create a ‘Virtual Asset AML’ solution for the
Coin&Coin exchange that “complies with the amendment of the Special Money Act in South Korea.”
As mentioned in an update, Coin & Coin is a digital asset exchange that’s based in South Korea. The trading platform has launched several different security services including KT FSCD (Financial Security Data Center) and BITGO Multisig Wallet and is “the 13th exchange to receive official ISMS (Information Security Management System) approval before the amendment of the Special Money Act in South Korea.”