South Korea Removes Minimum Threshold for Crypto Travel Rule

South Korea is eliminating the 1 million won (approximately $720) threshold for its cryptocurrency Travel Rule, extending information-sharing mandates to cover all digital asset transfers between registered service providers regardless of size.

The regulatory shift removes the previous exemption limit, meaning virtual asset service providers must now collect and share sender and recipient details for every transaction. The measure aligns South Korea's domestic framework with global anti-money laundering standards set by the Financial Action Task Force.