South Korea drops Travel Rule threshold for crypto transfers
Covered by 3 sources · 3 articles
3 outlets - including Crypto, Coin-turk and Cointelegraph - are covering this story. South Korea will apply its crypto Travel Rule to all domestic VASP transfers while tightening controls on overseas exchanges and personal wallets.
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South Korea scraps 1M won crypto Travel Rule threshold
South Korea will apply its crypto Travel Rule to all domestic VASP transfers while tightening controls on overseas exchanges and personal wallets.
South Korea eliminates minimum threshold for crypto Travel Rule, expands AML rules
🚨 South Korea removes the $700 minimum for crypto Travel Rule compliance. 🔍 All transfers between registered providers now require sender and recipient details. 🌏 AML standards tighten for foreign exchanges, personal wallets, and service…
South Korea drops Travel Rule threshold for crypto transfers
South Korea will remove its 1 million won Travel Rule threshold and apply information-sharing requirements to all transfers between registered crypto service providers.