South Korea plans to lower the threshold for the "tracking rules" of virtual assets to below 1 million won

According to News1, the Financial Intelligence Analysis Institute of South Korea held the first meeting of the "Specific Financial Information Revision TF" today, planning to expand the current "Travel Rule" applicable to virtual asset transfers over 1 million won to transactions under 1 million won, in order to strengthen anti-money laundering regulations.

This move will enhance the obligation to track cryptocurrency transfer information. Financial authorities will also promote the institutionalization of stablecoins, introduce an account freezing system, and plan to propose improvements to the anti-money laundering system in the first half of 2026.