According to DigitalAsset, a legal team at the Bank of Korea (BOK) published a paper titled “Regulatory Plan for the Foreign Remittance Transaction Law for Stablecoins,” which suggests that to strengthen oversight of the regulatory blind spot of transactions between individual wallets, stablecoin transfers between individuals exceeding $10,000 should be allowed only between “certified wallets.” The proposal references existing foreign remittance transaction laws that require reporting for foreign-currency outflows exceeding $10,000. The paper notes that while it is technically difficult to restrict all unregistered electronic payment transactions, given anti-money laundering (AML) requirements, transactions involving large-scale foreign-exchange flows should be required to file reports in advance and should be permitted to involve only certified-wallet interactions.