Korea Blockchain Association to Hold Travel Rule Seminar on the 30th

Co-hosted with Assemblyman Kim Byung-wook of the Democratic Party of Korea

[Asia Economy Reporter Gong Byung-sun] The Korea Blockchain Association announced on the 26th that it will hold a seminar on the 30th at 10 a.m. at the Federation of Korean Industries Building in Yeouido, titled "The Revised Direction of the Financial Action Task Force (FATF) for Virtual Asset Service Providers' Compliance with Anti-Money Laundering Obligations and the Standardization of the Travel Rule."

Co-hosted with Kim Byung-wook, a member of the Democratic Party of Korea, this seminar will closely analyze the recent FATF revision directions and domestic and international trends regarding the Travel Rule, and discuss the necessity of implementing the Travel Rule and establishing standard guidelines. The Travel Rule refers to FATF regulations requiring virtual asset service providers to collect real-name information of transaction parties.

Jung Ji-yeol, president of the Korea Anti-Money Laundering Experts Association, will deliver the keynote speech titled "Analysis of Recent FATF Revision Directions and the Effects and Significance of Domestic and International Travel Rule System Implementation." Following this, Kim Ki-bae, senior researcher at KAIST Korea 4th Industrial Revolution Policy Center, and Kim So-young, center director, will continue with presentations.

In the subsequent discussion, Jeon Jung-hwon, head of the Korea Blockchain Association's Global Travel Rule Standardization Task Force (TF), will serve as the chair. Participants will include Lee Jeong-ha, deputy head of the TF; Lee Kyung-geun, professor at Seoul School of Integrated Sciences and Technologies; Lee Gil-sung, director of the Anti-Money Laundering Office at the Financial Supervisory Service; Jeon Eun-joo, planning cooperation team leader at the Financial Intelligence Unit; Bang Jun-ho, vice president of Bithumb Korea Co., Ltd.; and Lee Cheol, CEO of Foblegate.

Assemblyman Kim Byung-wook said, "I appreciate the Korea Blockchain Association for being the first in Korea to collaborate with domestic and international experts and the industry on anti-money laundering to publish a research report for Travel Rule standardization and share it through this seminar," adding, "As the secretary of the National Assembly's Political Affairs Committee, I will continue to cooperate with the association for the healthy development of the blockchain industry and virtual currency market and listen closely to voices from the field."

This content was produced with the assistance of AI translation services.