PayGate Co. Ltd researching on Bitcoins and Anti-Money-Laundry Policy
PayGate Co. Ltd researching on Bitcoins and Anti-Money-Laundry Policy
Other payment methods also have similar problem in terms of money laundry. Especially money laundry problem on bitcoins are the most contrary because of its characteristics of unregulated, anonymous, and transactions are open to the public which make users open to money laundry.
Therefore, other financial regulatory bodies from other countries are denying bitcoins as a currency and worried that it will be used to money laundry.
Marketing Project Manager, Cho Tae-Ho from PayGate said “Bitcoins will continuously grow and it already has been known as e-currency so the financial regulatory or the government should come up with right policy”
End of this year, PayGate announced that PayGate has completed and integrated Anti-Money-Laundry policy and its system to the PayGate services.
Anti-Money-Laundry policy is consisting of revenues that are earned illegally such as secret funds, tax evasion and made it into legally earned revenues by changing the source of the revenue. Because of the bitcoins’ strong characteristics of anonymous, it requires well planned policy to prepare so that it will not be used as money laundry purpose.
In the year 2014 PayGate seeks to open bitcoin as an additional payment service, place specialized personnel in virtual money and financial security, and prevent money laundry.
PayGate‘s merchants can now choose from Credit Card payment, Bank transfer, mobile payment and ’bitcoin' as a payment service stating from the year 2014.
Contact on Paygate's Bit coin service
Tae-ho, Cho.
cth@paygate.net
02-2140-2700
Website: http://www.paygate.net
Contact
페이게이트
홍보팀
조아라 홍보실장
02-2140-2790
Send Email
This news is a press release provided by PayGate. Korea Newswire follows these editorial guidelines.
-
2019년 1월 25일 14:00
