South Korea Intensifies Crypto Oversight: “Travel Rule” Expanded to Smaller Transactions
South Korea’s Financial Services Commission (FSC) is strengthening its cryptocurrency regulations to combat money laundering, a move that is expected to impact market liquidity and international crypto interactions. On November 28th, FSC Chairman Lee Eok-won announced the expansion of the “travel rule,” also known as the “cryptocurrency real-name system,” during the Anti-Money Laundering Day ceremony. … Read more