South Korean crypto exchanges are now compliant with the country’s Travel Rule, which will flag any transfers worth more than roughly $821.
South Korean crypto exchanges have reached the government-mandated deadline to come into compliance with the so-called Travel Rule, but not all industry players are pleased with the measure.more than roughly $821. Transfers higher than that value will be restricted to user-verified wallets, with a select number of exchanges adopting their Anti-Money Laundering system.Financial Action Task Force
A source from a local centralized exchange today praised the regulatory measure as a step forward for the country’s crypto industry, telling Cointelegraph that:
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