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19 April 2021

Uppsala to provide crypto AML solution for South Korean exchange Coin&Coin » CryptoNinjas

Uppsala to provide crypto AML solution for South Korean exchange Coin&Coin » CryptoNinjas


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Uppsala Security, a provider of cybersecurity tools for crypto AML, risk management, and regulatory compliance, announced today the signing of a contract to build a ‘Virtual Asset AML’ solution for crypto exchange Coin&Coin that complies with the amendment of the Special Money Act in South Korea.

Uppsala Security cited ISMS certification, KYC, the existing financial sector (legal currency) AML, and virtual asset AML as essential conditions to comply with the amendment of the Special Money Act.

In addition, through this contract, we can confirm that they meet all the conditions specified in the Special Money Act amendment by implementing our new internal construction virtual asset AML solution, theThreat Reputation Database On-premise Management System (TOMS).” – Ku Min-Woo, Korea Country Manager at Uppsala Security

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