South Korea to Expand Crypto Travel Rule to Sub-$680 Transfers

[madtrader]

South Korea plans one of its toughest AML crackdowns yet by extending its crypto Travel Rule to transactions under 1 million won ($680). Regulators aim to close loopholes that allowed users to break transfers into smaller chunks to avoid reporting, forcing exchanges to verify sender and receiver details on even small transfers.

[Nahid Hossen]

Lowering the threshold will drastically increase transparency in crypto transfers.