South Korean financial authorities are formulating regulatory rules for cryptocurrency "mixers."

ChainCatcher news, according to DeCenter, South Korean financial authorities have begun to formulate regulatory rules regarding the misuse of cryptocurrency "mixers" as a means of money laundering by illegal organizations. A related person from the Financial Intelligence Unit (FIU) of the South Korean Financial Services Commission stated: "If cryptocurrency is put into a mixer, tracking funds and monitoring crimes will become very troublesome. We believe the risk of money laundering through mixers is very high. After the United States introduced mixer regulations last year, South Korea has also begun to consider this. Regulating cryptocurrency mixers requires international cooperation."