The Bank of Korea suggests that individuals transferring over $10000 in stablecoins should only be allowed to use verified wallets and implement a declaration mechanism

The legal team of the Bank of Korea has released a research paper on the regulatory plan for foreign remittance transactions involving stablecoins, suggesting that stablecoin transfers between individuals exceeding $10000 can only be carried out between officially certified wallets, with a supporting pre declaration mechanism. DigitalAsset reported that there are technical barriers to fully controlling unregistered wallets, but due to anti money laundering compliance requirements, it is necessary to strengthen restrictions on the flow of large cross-border stablecoin funds.