NewsMV
South Korea is removing the 1 million won floor that has allowed smaller crypto transfers between registered service providers to bypass information-sharing requirements.
The policy change extends Travel Rule obligations to every transfer, regardless of size, among registered crypto businesses operating in the country.
The threshold, once a relief valve for low-value transactions, is gone.
The mechanism being closed The Travel Rule, drawn from anti-money-laundering frameworks in traditional finance, requires crypto service providers to pass identifying information about senders and receivers alongside each transfer.
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