South Korea plans to lower the threshold for virtual asset "location rules" to below 1 million won.
the Korea Financial Intelligence Analysis Institute held the first meeting of the "Specific Financial Information Revision TF" today, planning to expand the current "Travel Rule" applicable to virtual asset transfers over 1 million KRW to transactions below 1 million KRW, in order to strengthen anti-money laundering supervision.
This move will enhance the obligation to track cryptocurrency transfer information. Financial authorities will also promote the institutionalization of stablecoins, introduce an account freezing system, and plan to propose anti-money laundering system improvement measures in the first half of 2026.
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