#KoreaApprovesTighterCryptoExchangeRules
South Korea removes the minimum threshold from the crypto travel rule and pushes the FATF to require Global Zero
The Cabinet removed the minimum threshold of 1 million won on August 11; the February 2027 deadline is approaching for 27 Korean virtual asset service providers.
South Korea’s Cabinet approved on Tuesday major amendments to the country’s anti-money-laundering rules for cryptocurrencies, eliminating the minimum threshold of ₩1,000,000 (approximately $707) that previously allowed criminals to evade identity checks by splitting large transfers into smaller parts.
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South Korea removes the minimum threshold from the crypto travel rule and pushes the FATF to require Global Zero
The Cabinet removed the minimum threshold of 1 million won on August 11; the February 2027 deadline is approaching for 27 Korean virtual asset service providers.
South Korea’s Cabinet approved on Tuesday major amendments to the country’s anti-money-laundering rules for cryptocurrencies, eliminating the minimum threshold of ₩1,000,000 (approximately $707) that previously allowed criminals to evade identity checks by splitting large transfers into smaller parts.
$NVDA.US
$BNB