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South Korea urges FATF to scrap Crypto travel rule threshold
Jun 22, 2026
< 1 min read
by Ashish Kumar
for CryptoPolitan
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South Korea’s Financial Intelligence Unit notified the FATF that gaps in cross-border crypto transfers mean any minimum-transaction exemption in the Travel Rule should be removed. Adoption by FATF members would require CEXs, DEXs, exchanges and trading firms to collect and share customer data on all transfers, raising global compliance costs and operational burdens. The proposal signals tighter crypto regulation with material implications for compliance, security and cross-border DeFi activity.
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South Korea’s Financial Intelligence Unit (FIU) informed the Financial Action Task Force (FATF) about the increasing gaps in regulation regarding crypto transfers across national borders and called on all FATF member states to eliminate any minimum transaction threshold required by the Travel Rule. This move would reshape compliance costs for exchanges and trading firms worldwide....
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