South Korea removes crypto transfer reporting floor
South Korea has approved the removal of the 1 million won threshold from its cryptocurrency Travel Rule, requiring regulated virtual asset businesses to exchange sender and recipient information for transfers of every size as Seoul tightens safeguards against money laundering. The Cabinet approved amendments to the Enforcement Decree of the Act on Reporting and Using Specified Financial…
We haven't written up this one. Arabian Post has the full story — the link below goes straight to it.
