South Korean regulator wants receipts for every crypto transaction — no matter how small – DL News
- Regulators want to make broad changes to South Korea’s anti-money laundering rules.
- Taskforce to present policy document by end of June 2026.
The South Korean government is starting to make more room for crypto, but regulators want receipts for all transactions, regardless of their size.
The Financial Intelligence Unit, the regulatory body that polices domestic crypto exchanges, has launched a policy-forming taskforce to improve anti-money laundering measures in the crypto sector.
The upshot? Crypto exchanges may soon have to share sender and recipient information for transactions with one another and industry watchdogs, South Korean newspaper Chosun Ilbo reported.
This comes after years of criticism against the 25-year-old anti-money…
