South Korea will remove its 1 million won Travel Rule threshold and apply information-sharing requirements to all transfers between registered crypto service providers. South Korea will expand its crypto Travel Rule to all transfers between registered virtual asset service providers (VASPs), removing the current 1 million won (about $700) threshold. Under the changes, the Travel Rule will apply to all transfers between registered crypto service providers regardless of value. Related: South Korea plans stablecoin rules as opposition pushes crypto tax repealSouth Korea tightens rules for overseas exchanges, personal walletsThe amendments also introduce new Anti-Money Laundering (AML) requirements for transfers involving overseas crypto exchanges and personal wallets. The expanded Travel Rule and other transfer-related AML requirements will take effect six months after the decree is promulgated.