South Korea's FIU may abandon the mandatory STR reporting requirements for large virtual asset transfers, and the expansion plan for the Travel Rule continues to advance
By: rootdata|2026/05/31 04:45:00
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The Financial Intelligence Unit (FIU) of South Korea plans to no longer advance the mandatory suspicious transaction reporting (STR) requirements for large cross-border virtual asset transfers and personal wallet transfers, but will continue to expand the regulatory coverage of the Travel Rule and further strengthen the tracking of digital asset transactions.
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