South Korea crypto sector warns AML proposal could trigger millions of suspicious transaction reports
South Korea's cryptocurrency industry has raised alarms over proposed Anti-Money Laundering (AML) rule changes, warning that the new requirements could overwhelm exchanges with an estimated 5.4 million suspicious transaction reports annually, according to a Yonhap News report on May 4, 2026. The Digital Asset eXchange Alliance (DAXA), representing 27 registered virtual asset service providers (VASPs) […]
