South Korea expands crypto travel rule to all transactions
South Korea expands travel rule to sub-1M won crypto trades, adding bans on high-risk exchanges.
FSC expands travel rule scope
South Korea’s Financial Services Commission (FSC) extended the travel rule to cover every virtual asset transaction. This includes transfers under 1 million won (around $680), down from earlier limits. The cryptocurrency real-name system now demands identity verification for all trades. FSC Chairman Lee Eok-won revealed the update on November 28, 2025, during the Anti-Money Laundering Day event. The rule requires virtual asset service providers to share originator and beneficiary information for all transfers.
“The ‘travel rule’ or ‘cryptocurrency real-name system’ will be expanded to cover…
