World · Regulation · South Korea ·
South Korea removes threshold for crypto transfer reporting rules
South Korea will eliminate its 1 million won threshold and now require information-sharing requirements to apply to all transfers between registered crypto service providers, tightening compliance obligations across the board.
Why it matters for the crypto market
The removal of a minimum transfer size for reporting compliance increases the regulatory burden on all crypto exchanges and platforms in South Korea, making cross-platform operations more complex.
Source: Cointelegraph
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