South Korea plans to lower the threshold for virtual asset "location rules" to below 1 million won.

[South Korea Plans to Lower Virtual Asset "Travel Rule" Threshold to Below 1 Million Won] According to News1, the Korea Financial Intelligence Service held its first meeting today on the "Specified Financial Information Revision TF," planning to expand the current "Travel Rule," which applies to virtual asset transfers exceeding 1 million won, to transactions below 1 million won, in order to strengthen anti-money laundering supervision. This move will strengthen the obligation to track cryptocurrency transfer information. Financial authorities will also promote the institutionalization of stablecoins and the introduction of account freezing systems, and plan to propose an improved anti-money laundering system in the first half of 2026.