<div id="readability-page-1">South Korean financial authorities are considering changes to cryptocurrency regulations, including a requirement to report transfers of 10 million won or more to the Financial Intelligence Unit. According to NS3.AI, industry representatives have requested a review of these proposals, which also suggest extending the Travel Rule to transactions below the current 1 million won threshold.</div>

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<p>South Korean financial authorities are considering changes to cryptocurrency regulations, including a requirement to report transfers of 10 million won or more to the Financial Intelligence Unit. According to NS3.AI, industry representatives have requested a review of these proposals, which also suggest extending the Travel Rule to transactions below the current 1 million won threshold.</p>

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South Korea Considers Tightening Crypto Regulations