POPA Recon🇰🇷 'Travel rule based on 1 million won' changed from August 20th
🇰🇷 'Travel rule based on 1 million won' changed from August 20th ✅ The government changed the standards for applying travel rules through the amendment to the Enforcement Decree of the Special Financial Services Act. 📂 Changes 🟢Existing: Transfer of over 1 million won > Travel rule applied | Less than 1 million won > Excluded from application 🟢Change: Travel rule applies to all virtual assets worth 1 won and 1 dollar. 🟢Measures to increase transparency of virtual asset transactions in line with anti-money laundering (AML) standards ✍ It's going to get quite uncomfortable starting August 20t…
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