South Korea plans to lower the threshold for virtual asset "location rules" to below 1 million won.

Odaily Planet Daily reports that the Korea Financial Intelligence Service held its first meeting on December 29th regarding the "Revision of the TF (Travel Rule) for Specific Financial Information." The plan is to expand the current "Travel Rule," which applies to virtual asset transfers of 1 million won or more, to transactions below 1 million won, in order to strengthen anti-money laundering oversight. This move will strengthen the obligation to track cryptocurrency transfer information. Financial authorities will also promote the institutionalization of stablecoins and the introduction of account freezing systems, and plan to propose improvements to the anti-money laundering system in the first half of 2026. (News1)