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South Korea plans to lower the threshold for virtual asset "tracking rules" to below 1 million won
Mars Finance reports that, according to News1, the Korea Financial Intelligence Unit held its first meeting of the “Specific Financial Information Revision TF” today. The plan is to expand the current “Travel Rule” applicable to virtual asset transfers over 1 million Korean Won to transactions below 1 million Korean Won, in order to strengthen anti-money laundering supervision. This move will enhance the obligation to track cryptocurrency transfer information. Financial authorities will also promote the institutionalization of stablecoins, the introduction of account freezing systems, and plan to propose improvements to the anti-money laundering system in the first half of 2026.