South Korean Financial Services Commission announces revised regulations on anti-money laundering for virtual assets
2026-08-24 18:04:35
According to CoinMeta, as reported by digital and asset, the Financial Intelligence Analysis Unit of the South Korean Financial Services Commission (FSSC) has announced revised regulations on anti-money laundering (AML) for virtual assets, further clarifying the rules for transfers between personal wallets and overseas exchanges. For personal wallets, high-risk transactions will be restricted. Under non-high-risk circumstances, transfers are only allowed to wallets belonging to the same individual. Overseas exchanges are classified into three risk levels: low, medium, and high. Low-risk platforms can allow normal transfers after meeting information collection and AML requirements, while high-risk platforms will have their transactions restricted; in such cases, transfers are only permitted between accounts belonging to the same individual. The new regulations took effect on August 20th, but the requirements for personal wallets and overseas exchanges are expected to be officially implemented around February next year.
Source:X
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