The Korea Financial Intelligence Unit plans to require full reporting of all overseas cryptocurrency transactions exceeding 10 million KRW.

Foresight News reports, according to Edaily, the Korea Financial Intelligence Unit (FIU) plans to require full reporting of overseas crypto transactions exceeding 10 million won (approximately 7,200 US dollars), and to strengthen KYC information verification and expand the application scope of the "Travel Rule." The FIU is expected to hold its first meeting today with an exchange and the Korea Digital Asset eXchange Association (DAXA).