🇰🇷 South Korea Pushes to Expand Crypto Travel Rule to Smaller Transactions South Korea is proposing to extend its crypto Travel Rule requirements to smaller transactions as part of efforts to strengthen anti-money laundering measures and better align with international standards.


🔸 The Travel Rule is a global AML regulation requiring crypto exchanges to share sender and recipient information for crypto transfers between platforms.
Currently, South Korea only applies the rule to transactions worth at least 1 million won (~$650 USD).
⚡ The country’s Financial Intelligence Unit (FIU) has now proposed expanding the rule to include lower-value transactions as well.
The proposal was presented during last week’s FATF meeting in Paris.
🔸 The FIU also suggested that both the sending and receiving exchanges should be required to comply with the Travel Rule in order to close loopholes in cross-border crypto transfers.
🌏 South Korea continues to position itself as one of the most proactive regulators in Asia when it comes to tightening crypto compliance and AML oversight.
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