$BTC
đ°đ· South Korea just tightened its crypto rules.
The â©1 million threshold for the Travel Rule is being removed.
That means information-sharing requirements will apply to crypto transfers between registered VASPs regardless of how small the transaction is.
The reason is pretty simple.
Regulators don't want people breaking transfers into smaller amounts to get around AML checks.
South Korea is clearly taking crypto regulation more seriously.
And with the country already being one of the world's biggest crypto markets, this is worth watching closely.
đ°đ· South Korea just tightened its crypto rules.
The â©1 million threshold for the Travel Rule is being removed.
That means information-sharing requirements will apply to crypto transfers between registered VASPs regardless of how small the transaction is.
The reason is pretty simple.
Regulators don't want people breaking transfers into smaller amounts to get around AML checks.
South Korea is clearly taking crypto regulation more seriously.
And with the country already being one of the world's biggest crypto markets, this is worth watching closely.