South Korea dey push am make they expand crypto travel rule for FATF

FIU for South Korea dey push make dem expand crypto Travel Rule, so dat AML controls go tight well-well and information go dey share better between different countries. For FATF plenary wey hold for Paris, FIU chief Lee Hyung-joo tok say Travel Rule no dey apply same way for different jurisdictions, so country need do better to handle new risks—like how people fit abuse virtual assets and misuse DeFi. Some key proposals na say dem go extend crypto Travel Rule coverage reach even small transfers wey de under KRW 1 million (about US$650) de minimis threshold, and put the requirements for both sending and receiving VASPs. Dem also want restrict transaction with offshore businesses wey no register. FIU still call for stronger customer due diligence, and dem fit consider placing limits for high-risk VASPs wey no register. For traders, one big thing: if no uniform global rules, even if Travel Rule data-sharing expand, e still fit differ by region (for example, EU and US threshold no same). That fit increase compliance and onboarding cost for exchanges, and affect how money dey move across border—meaning liquidity and volatility fit shift depending on when rules go start. For market side, outlook neutral: clarity for regulation fit improve legitimacy long-term, but short-term stress for operations fit bring pressure on activity.