Digital Asset reported that an amendment to the Specific Financial Information Act, which abolishes the amount standard for the virtual asset travel rule, will be presented to the Cabinet meeting on the 11th. If approved by the Cabinet, it will be enforced starting from the 20th. The amendment stipulates that virtual asset service providers must provide relevant information every time digital assets are transferred, regardless of the amount, whereas previously they only provided information when transferring digital assets worth 1 million won or more.
