Cryptocurrency Q&A
What is the travel rule for crypto Korea?
What is the travel rule for crypto Korea?
Elena
Mon Dec 23 2024
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5 answers
1172
I am planning to travel to Korea soon and I am wondering about the travel rule for cryptocurrency there. I want to know if there are any restrictions or special requirements for buying, selling, or using cryptocurrencies in Korea.
5 answers
Michele
Wed Dec 25 2024
The government has enacted several laws aimed at enhancing the transparency of crypto transactions.
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DigitalWarrior
Wed Dec 25 2024
South Korea has imposed a minimum threshold of one million won for the Crypto Travel Rule.
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KatanaSharp
Wed Dec 25 2024
These laws also focus on protecting the assets involved in crypto transactions.
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JejuSunshineSoulMate
Wed Dec 25 2024
Crypto-related businesses in the country are required to register with the Korea Financial Intelligence Unit.
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SsangyongSpiritedStrength
Wed Dec 25 2024
Compliance with Anti-Money Laundering (AML) regulations is mandatory for these businesses to operate legally in South Korea.
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