South Korea plans to lower the threshold for virtual asset "tracking rules" to below 1 million won

GateNews

2025-12-29 12:17:32

PANews December 29 News, according to News1, the Korea Financial Intelligence Unit held the first meeting of the “Specific Financial Information Revision Task Force” on December 29. The plan is to expand the current “Travel Rule,” which applies to virtual asset transfers over 1 million Korean won, to transactions below 1 million won 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 account freezing systems, and plan to propose improvements to the anti-money laundering system in the first half of 2026.

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