#SouthKoreaCryptoPolicy
What is the scope of the travel rule in South Korea?
Virtual Asset Service Providers (VASPs) involved in the following business activities must comply with the Travel Rule:
The sale or purchase of #Criptomonedas
Cryptocurrency exchanges to cryptocurrencies;
The transfer of cryptocurrencies;
The storage or management of virtual assets.
What are the FSC requirements for information exchange regarding the Travel Rules?
name of the originator;
name of the beneficiary;
originator's wallet address;
beneficiary's wallet address.
At the request of the beneficiary VASP or official authorities, the following information must be provided within three (3) business days:
official personal identification document number of the originator,
customer identification number, or
Foreign registration card number.
