The Financial Intelligence Unit (FIU) of the Financial Services Commission (FSC) announced strengthened regulations on deposits and withdrawals from individual wallets and overseas virtual asset exchanges through the establishment of new supervisory regulations under the Act on Reporting and Using Specified Financial Transaction Information, Digital Asset reported. The amendment announced by the FIU stipulates that for transactions with overseas exchanges and individual wallets, 'low-risk transactions are allowed if the sender and receiver are the same,' but 'high-risk transactions will be restricted.' In addition, even for low-risk transactions, any transaction exceeding 10 million won must be reported to the FIU as a suspicious transaction.
