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