South Korea removes Travel Rule threshold, tightens crypto operator vetting

AI Summary South Korea’s Cabinet has approved an amendment that gets rid of the requirement for exchanges to report crypto transfers over 1 million won. The amendment also mandates financial-health tests for exchange operators. What is changing about reporting requirements for South Korean exchanges? The Financial Intelligence Unit of the Financial Services Commission (FSC) has approved a... fulltext: 389 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.cryptopolitan.com/south-korea-expands-oversight-travel-rule/ Source: CryptoPolitan