LATEST: 🇰🇷 South Korea is extending its crypto Travel Rule to include transactions under 1 million won, roughly $680, closing a loophole where users could split transfers into smaller amounts to avoid reporting requirements. https://t.co/KniiPz3BMa ...

South Korea plans a major AML overhaul, expanding the Travel Rule to all crypto transfers, including those under 1 million KRW, to stop “smurfing” via small transactions. Regulators will also block high-risk overseas platforms, tighten financial requirements for local exchanges, and ban individuals with drug or tax-crime records from becoming major shareholders. The FIU will gain pre-freeze authority to stop illicit funds before they leave the system. https://t.co/BM5wnbAlMO ...

Blast API Shutdown Sparks Shift in Web3 Infrastructure. Photo by BeInCrypto Bithumb, South Korea's second-largest crypto exchange, is closing its USDT market and order-book-sharing with Australia's Stellar Exchange after only two months, amid regulators' scrutiny of anti-money laundering controls. The shutdown took effect at 11:00 AM on Friday, impacting 10 cryptocurrencies traded in the USDT market. Regulatory Investigation Triggers Closure The Korea Financial Intelligence Unit (FIU) began an on-site i ...

Circle has joined the @binance-led Global Travel Rule (GTR) Network, expanding our support for FATF-aligned digital asset transfers.Circle reinforces its commitment to compliance-first infrastructure for regulated institutions by adopting a multi-network approach to travel rule compliance.https://t.co/qVS6Z9KCKq ...