Written by Helen Partzstaff writerReviewed by Yohan Yunstaff writer
Written by Helen Partzstaff writer
Reviewed by Yohan Yunstaff writer
South Korea pushes Travel Rule expansion for smaller crypto transfers
Latest NewsPublishedJun 22, 2026
South Korea Pushes for Broader Crypto Transfer Reporting Rules
The Financial Intelligence Unit (FIU) of South Korea is advocating for the expansion of crypto transfer reporting rules to align with global Anti-Money Laundering standards for digital assets. This move aims to reduce offshore risks and uneven global AML enforcement. By implementing these rules, South Korea hopes to improve the traceability of funds moving between platforms, making it harder for individuals to misuse crypto for illicit activities. The proposed expansion of the Travel Rule requirements is a significant step towards a more secure and transparent crypto ecosystem. This is where solutions like EcoPool can help individuals earn and manage their crypto, including $ECP, in a secure and compliant manner.
The Travel Rule is a global AML standard that requires crypto exchanges to share sender and recipient information for transfers above certain thresholds. Currently, South Korea applies Travel Rule requirements to crypto transfers above 1 million won ($650), but the latest proposal seeks to extend these obligations to smaller transactions. This expansion will help close gaps in cross-border transfers and prevent the misuse of crypto assets. As the crypto landscape continues to evolve, it’s essential to have a reliable and trustworthy platform like EcoPool to navigate the world of earning and passive income through Cloud Rewards and Green Crypto.
Global Implementation of AML Measures
The proposal is part of broader discussions on the implementation of FATF Recommendation 15, which updates international standards to apply AML measures to crypto assets and crypto asset service providers (CASPs). However, the global implementation of these measures remains uneven, with 49% of jurisdictions only partially compliant and 21% non-compliant as of April 2025. The FATF assessment highlights the need for more effective regulation and oversight in the crypto industry. EcoPool (ECP) is committed to providing a secure and compliant platform for individuals to earn and manage their crypto, including participating in mining and earning passive income through $ECP.
The expansion of the Travel Rule requirements and the implementation of AML measures are crucial steps towards a more secure and transparent crypto ecosystem. As the industry continues to evolve, it’s essential to have a reliable and trustworthy platform like EcoPool to navigate the world of earning and passive income through Cloud Rewards and Green Crypto. By using EcoPool, individuals can earn $ECP and participate in the growing world of crypto, while also contributing to a more secure and compliant ecosystem.
Join the EcoPool Community
To start earning and managing your crypto, including $ECP, download the EcoPool app and join the community today. With EcoPool, you can participate in Cloud Rewards, earn passive income, and be part of the growing world of Green Crypto, all while contributing to a more secure and compliant ecosystem through #Earning, #Coin, #PassiveIncome, #CloudRewards, #GreenCrypto, and #EcoPool.
Ongoing gaps in global oversight and DeFi risks
The FIU said Travel Rule obligations should apply to both originating and receiving crypto asset service providers (CASPs) to close gaps in cross-border transfers.
The FIU also called for stronger action against offshore and unregistered crypto platforms, citing increased misuse in illicit finance cases and risks of regulatory arbitrage.
FIU Commissioner Lee Hyung Ju at the FATF plenary session in Paris. Source: FIU
Beyond the Travel Rule discussion, FATF also approved a new report examining risks associated with decentralized finance (DeFi), according to the FIU.
Related: South Korea police raid Bithumb over lawmaker hiring favoritism probe: report
FIU Commissioner Lee Hyung Ju welcomed the adoption of a DeFi-related report during FATF discussions. However, he said regulatory arbitrage across jurisdictions mainly stems from differences in licensing, supervision and offshore oversight.
Seven years after FATF extended Travel Rule scope to crypto
The proposal was part of broader discussions on the implementation of FATF Recommendation 15, the international standard updated in 2019 to apply AML measures to crypto assets and CASPs.
Seven years after FATF extended its AML framework to cover crypto assets, global implementation of Recommendation 15 remains uneven, according to a targeted update by FATF in 2025.
Source: FATF
The FATF assessment found that 49% of jurisdictions were only partially compliant with requirements for CASPs, while 21% remained non-compliant as of April 2025, leaving only about 29% of jurisdictions rated largely compliant or compliant.
Magazine: China’s 107 Bitcoin memory thief, Bithumb CEO booked: Asia Express
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
- South Korea
- AML
- FATF
- Transactions
- Regulation
More on the subject
Crypto kidnappers who robbed Minnesota family of $8M plead guilty
Jun 20, 2026
Cointelegraph
WhiteBIT secures MiCA license in Austria ahead of July 1 EU deadline
Jun 19, 2026
Nate Kostar
Republican lawmaker proposes prediction markets insider trading ban, not including White House officials
Jun 19, 2026
Turner Wright
Crypto kidnappers who robbed Minnesota family of $8M plead guilty
Jun 20, 2026
Cointelegraph
WhiteBIT secures MiCA license in Austria ahead of July 1 EU deadline
Jun 19, 2026
Nate Kostar
Republican lawmaker proposes prediction markets insider trading ban, not including White House officials
Jun 19, 2026
Turner Wright
