Korean crypto exchanges are now in compliance with the Travel Rule By Cointelegraph

Korean crypto exchanges are now in compliance with the Travel Rule

Cryptocurrency Mar 26, 2022 03:40AM ET

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Korean crypto exchanges are now in compliance with the Travel Rule

South Korean crypto exchanges have reached the government-mandated deadline to come into compliance with the so-called Travel Rule, but not all industry players are pleased with the measure.

Starting Friday, Korean exchanges will flag any crypto transfers worth more than roughly $821. Transfers higher than that value will be restricted to user-verified wallets, with a select number of exchanges adopting their Anti-Money Laundering (AML) system.

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