South Korea Drops Travel Rule Threshold for Crypto Transfers

South Korea will remove its 1 million won threshold for applying the Travel Rule to crypto transfers, extending information-sharing requirements to all transfers between registered crypto service providers.

The change matters because it broadens compliance obligations across the country’s regulated crypto sector. Instead of applying only above a set transfer amount, the rule will cover every transfer between registered providers, tightening the information framework around digital asset movements.

For crypto companies operating under South Korea’s registration regime, the update means transfer-related data sharing will no longer depend on whether a transaction crosses the previous 1 million won line. That could make compliance processes more uniform across eligible provider-to-provider transfers.

The move also signals continued regulatory attention on crypto transaction monitoring in South Korea. For users, the practical effect is that transfers handled between registered service providers will fall under the same information-sharing standard regardless of size.