South Korea FIU Pushes for Broader Crypto Travel Rule

South Korea's Financial Intelligence Unit said in a June 2026 notice that it pushed for broader virtual-asset Travel Rule coverage during FATF discussions. The FIU proposed extending the rule to smaller transfers, not just large ones. The notice frames this as a way to close gaps in anti-money laundering oversight, the agency said.

The Travel Rule already requires crypto exchanges to share sender and receiver information on transactions above a certain size. Many jurisdictions, including South Korea, apply that threshold at around 1,000 USDT or equivalent. The FIU argued that leaving smaller transfers outside the reporting net creates a channel for illicit flows, according to the notice.

South Korea's stance puts it on the more aggressive end of the debate. Other FATF members have pushed back on lowering thresholds, citing compliance costs and privacy concerns. The FIU acknowledged those tensions but said the risk of fragmentation – where some countries enforce tight rules and others do not – undermines the whole effort.

The notice did not specify a proposed threshold. The FIU said it will continue to advocate for the change in future FATF sessions. The next plenary is scheduled for October 2026.