🇰🇷 South Korea Tightens Crypto Exchange Rules
South Korea’s FIU has approved stricter rules for crypto exchanges:
🔹 Major shareholders face tougher screening
🔹 Exchange debt ratios capped below 200%
🔹 Travel Rule expanded to all transfers
🔹 Overseas exchanges & personal wallets subject to risk-based controls
🔹 Stronger staffing, equipment & internal controls required
📅 Some rules take effect Aug 20 with Travel Rule changes following six months later.
$XAUT $XAG
South Korea’s FIU has approved stricter rules for crypto exchanges:
🔹 Major shareholders face tougher screening
🔹 Exchange debt ratios capped below 200%
🔹 Travel Rule expanded to all transfers
🔹 Overseas exchanges & personal wallets subject to risk-based controls
🔹 Stronger staffing, equipment & internal controls required
📅 Some rules take effect Aug 20 with Travel Rule changes following six months later.
$XAUT $XAG