South Korea’s Cabinet approved rules on Aug. 11 that will remove the 1 million won minimum for crypto Travel Rule checks, extending information sharing requirements to every transfer between registered domestic virtual asset service providers. 

The Financial Services Commission said in its official release that the change is designed to stop users from avoiding scrutiny by splitting transfers into smaller amounts.

The decision completes a regulatory process that began earlier this year. The Korea Financial Intelligence Unit had proposed expanding the rule after finding that roughly 60% of transfers between domestic VASPs were below the existing 1 million won threshold.

South Korea crypto Travel Rule will cover every amount

Under the existing regime, the sending VASP must provide originator and beneficiary information when a domestic transfer reaches at least 1 million won. Once the amendments take effect, that minimum disappears and the obligation applies regardless of transaction value.

Receiving platforms will also take on clearer responsibilities. They must secure information supplied by the sender and can request missing information or reject a transfer when required data is unavailable. The FSC cited one suspected evasion case involving about 200 million won used to purchase USDT before 216 withdrawals were made in amounts below 1 million won.

The expansion follows months of regulatory debate. As previously reported in earlier industry coverage, South Korea’s Digital Asset Exchange Alliance had raised concerns about the operational burden created by the wider AML proposal.

Overseas exchanges and personal wallets face new controls

The final rules also create a risk based framework for transfers between registered Korean VASPs and overseas exchanges or personal wallets. Transfers to foreign platforms classified as low risk can proceed, while transactions involving other foreign exchanges or personal wallets will generally require the sender and recipient to be the same person. High risk transactions can be prohibited.

Providers must also build internal suspicious transaction monitoring systems for transfers of at least 10 million won involving overseas VASPs or personal wallets. The requirement reflects regulatory concerns that overseas platforms and private wallets have been used to bypass existing anti money laundering controls.

Notably, the final approach is softer than one element of the March proposal. The earlier draft called for transfers of at least 10 million won involving overseas platforms or wallets to be reported to KoFIU regardless of their risk level. After industry objections, the final Cabinet approved version instead requires providers to operate their own monitoring systems.

Korea moves further than the current U.S. threshold

South Korea’s zero threshold approach will differ from the current U.S. model. FinCEN guidance says the U.S. Travel Rule generally applies to qualifying transmittals of $3,000 or more. South Korea will instead require information sharing for every covered domestic VASP transfer once its new rules become effective.

The change also fits within wider international efforts to increase payment traceability. FATF’s updated standards require virtual asset providers to obtain and retain originator and beneficiary information. In earlier compliance coverage, different thresholds across jurisdictions were identified as a continuing challenge for exchanges operating internationally.

When will the new crypto transfer rules start?

The new transfer requirements do not begin on Aug. 20. The FSC said the VASP registration provisions and rules concerning sanctions on former employees take effect on that date. The Travel Rule expansion and other transfer related AML requirements will instead take effect six months after the decree is formally promulgated.

Existing VASPs also receive a one year grace period for certain new requirements covering debt ratios, staffing, computer infrastructure and internal controls. The broader registration framework will allow regulators to examine financial soundness, senior management qualifications and major shareholders more closely.

The changes add another layer to South Korea’s expanding oversight of cross border crypto activity. In previous cross border coverage, lawmakers had already moved to create registration requirements for businesses handling international virtual asset transfers.

For exchanges and users, the next date to watch is the decree’s formal promulgation because that will start the six month countdown for the new transfer rules. KoFIU also plans continued supervision of VASPs as firms update their systems to handle identity information on transfers that previously fell below the threshold.

Flight tracking company FlightAware has sued Kalshi over flight-cancellation prediction markets that rely on its data, seeking court orders to stop the platform from using its information and brand in connection with the contracts.

FlightAware, in a complaint filed Monday, accused Kalshi of using its flight-tracking data without permission to settle prediction markets while giving users the impression that the two companies had a close commercial relationship.

The dispute centers on markets Kalshi introduced last month that allow users to trade on whether individual flights will be canceled. Kalshi tells users that the outcomes of the contracts are “verified from FlightAware,” according to the filing.

FlightAware said it had not agreed to have its data used for that purpose and was not told beforehand that its information would determine whether traders received payouts.

“Kalshi never informed FlightAware that it would rely on FlightAware’s data to determine the outcome of these betting markets,” the company said in its complaint.

The lawsuit accuses Kalshi of breach of contract, trademark infringement and unfair competition. FlightAware is seeking a temporary restraining order as well as preliminary and permanent injunctions that would stop Kalshi from using the flight-tracking company’s services and brand for the disputed markets.

FlightAware says Kalshi created an impression of partnership

FlightAware’s objection extends beyond Kalshi’s use of flight data to determine contract outcomes.

By naming FlightAware in the verification process, Kalshi allegedly gave customers the impression that the tracking company had approved or participated in the markets, according to the complaint.

FlightAware said customers began assuming it had become involved with Kalshi after the cancellation markets went live, creating reputational concerns for a company whose services are used to track commercial and private aviation.

The filing also argues that the markets could expose FlightAware to criticism over the types of events traders are being allowed to speculate on, even though FlightAware itself does not operate or administer the contracts.

For the flight contracts, traders effectively take positions on whether a specified flight will be canceled. Kalshi then relies on the stated verification source to determine the final result and settle the corresponding positions.

FlightAware alleges that Kalshi obtained the benefit of its data and reputation while making that information part of a commercial betting product without securing permission for such use.

Flight cancellation markets raised safety concerns

Beyond the contractual and trademark claims, FlightAware raised concerns about incentives created by allowing traders to profit from flight cancellations.

Kalshi excludes payouts for cancellations caused by malicious acts or security-related disruptions, according to the lawsuit, but FlightAware argued that the contracts still created safety risks connected with attempts to influence aviation operations.

The company said there was “widespread outrage and concern” that the contracts could encourage unsafe efforts to affect whether flights operate as scheduled.

Such conduct could “strand travelers, disrupt airline operations, and threaten safety,” FlightAware said.

The complaint does not allege that a trader has successfully interfered with a flight to win one of the contracts. Instead, FlightAware’s argument focuses on the incentive it says is created when financial payouts depend on whether a real-world flight is canceled.

The concern adds another type of challenge for Kalshi as its event contracts expand beyond traditional financial or political outcomes into sports and other real-world events.

Kalshi operates as a Commodity Futures Trading Commission-regulated prediction market and has argued in several state disputes that its event contracts fall under federal derivatives oversight rather than state gambling laws.

Kalshi faces separate fights over prediction markets

The FlightAware lawsuit comes as Kalshi is already fighting several cases over whether some of its contracts amount to gambling under state law.

On July 31, New York Attorney General Letitia James and Governor Kathy Hochul sued Kalshi, accusing the company of operating an unlicensed gambling business in the state. As crypto.news previously reported, New York is seeking at least $36 billion in damages, penalties and related relief while also asking a court to halt the disputed contracts.

The New York complaint alleges that Kalshi offered event contracts without a state gaming license and allowed users between 18 and 20 to participate even though New York requires customers to be at least 21 for mobile sports betting. State investigators also said they opened accounts and completed transactions on Kalshi as part of their investigation.

Court rulings have not produced a uniform answer on how prediction markets should be treated.

In Washington, a judge on July 21 granted a preliminary injunction restricting Kalshi’s sports event contracts after finding that state gambling laws could apply despite the company’s federal registration. The Washington court ruling rejected Kalshi’s argument at that stage of the case that the Commodity Exchange Act prevented the state from enforcing its gambling rules.

Michigan has produced another setback for prediction-market operators. On Aug. 6, U.S. District Judge Shalina Kumar denied Coinbase Financial Markets’ request for preliminary relief that would have stopped Michigan officials from applying state sports-betting laws to the company’s event contracts, according to a recent Michigan ruling.

Kalshi itself had already become caught between Michigan authorities and the CFTC in July. A Michigan court ordered restrictions on its sports contracts, while the federal regulator later directed the company not to unwind trades in response to the state order. Kalshi said at the time that the conflicting instructions left it trying to comply with competing state and federal requirements.

Minnesota court has favored Kalshi and Polymarket

Minnesota has produced a different result.

A federal judge on July 27 blocked enforcement of Minnesota’s prediction-market ban against CFTC-registered designated contract markets while litigation continues. As previously covered by crypto.news, the Minnesota injunction protected Kalshi, Polymarket US and other federally registered markets from enforcement of the new law at the preliminary stage.

Judge Katherine Menendez found that the plaintiffs were likely to succeed on at least part of their federal preemption argument, although she did not rule that every event contract offered by the platforms qualified for federal protection.

The court specifically questioned whether registration as a designated contract market automatically determines the legal status of every individual contract. The judge noted that different types of event contracts could require separate analysis as the cases move toward final decisions.

At the federal level, the CFTC has taken the position that derivatives traded on registered prediction-market exchanges fall within its jurisdiction under the Commodity Exchange Act. That position has put the regulator in direct conflict with states seeking to apply gambling rules to sports-related contracts.

According to the FlightAware report, the CFTC has pursued complaints involving Wisconsin, Illinois, Arizona, Connecticut, New York, New Mexico, Minnesota and Rhode Island as part of the jurisdiction fight.

FlightAware’s case follows a different legal route because it concerns the use of the company’s data and trademarks rather than whether Kalshi’s contracts violate state gambling laws. The company is asking the court to stop Kalshi from using FlightAware information and branding in connection with its flight-cancellation markets while its breach-of-contract, trademark and unfair-competition claims proceed.

ADI Chain’s job is to turn those deals into blockchain tokens and handle payments using stablecoins (digital tokens pegged 1-to-1 to real currencies like the UAE dirham or the U.S. dollar), so money moves instantly without a traditional bank wire. For now, this is aimed at “qualified institutional participants,” or large, vetted investors, not everyday retail buyers.

Shipfinex CEO Capt. Vikas Pandey said the partnership would let the company “create a regulated digital route into this market, with every instrument tied to a real vessel, its economics and its legal structure.”

No maritime asset tokens have been issued yet and Shipfinex doesn’t yet have a green light to do so. Its regulatory clearance from Dubai’s Virtual Asseets Regulatory Authority is an “In-Principle Approval” — a preliminary thumbs-up confirming it has passed an initial background check, not a finished license to operate.

Nevertheless, Shipfinex has earmarked around 35 vessels worth about $500 million combined as candidates for tokenization, once the regulatory approval and deal structure are finalized. Each ship will eventually sit in its own separate legal entity, so if one ship runs into financial trouble, it doesn’t drag down investors in the others.

Buying a token, once one becomes available, could mean one of a few different things for the institutional investors, depending on how each deal ends up being structured. It could mean a loan backed by the ship (similar to earning interest on a loan), a share of the money the ship earns from shipping contracts, or a broader economic stake in the vessel’s value.

Payments platform Decta has integrated USDC into its internal treasury operations to settle company funds internationally through OpenPayd, without adding stablecoins to its customer-facing payment services.

Decta said Tuesday that company funds will be transferred into OpenPayd’s regulated infrastructure, where they can be converted into Circle’s USDC through the financial infrastructure provider’s over-the-counter services before being used for international operational settlements.

The arrangement is limited to Decta’s own money rather than funds handled for merchants or other clients, keeping the stablecoin component behind the company’s existing payments business.

Lux Thiagarajah, chief commercial officer at OpenPayd, told crypto media that the integration represents a proprietary treasury use case and does not introduce USDC into Decta’s customer payment flows.

Using this setup, Decta can move its own funds between international entities, convert fiat into USDC when required and use the stablecoin for settlement through OpenPayd’s infrastructure. The company said the arrangement will support liquidity management while simplifying transfers across its operations.

Decta uses USDC for internal treasury settlements

Decta CEO Scott Dawson said the company is using technology to make its financial operations faster, simpler and more resilient while retaining its existing controls and regulatory requirements.

Rather than allowing customers to pay merchants in stablecoins, Decta is using USDC as an operational settlement asset between parts of its business. Thiagarajah said OpenPayd handles the conversion through its OTC capabilities after Decta transfers its funds into the provider’s regulated infrastructure.

The distinction separates the arrangement from consumer-facing stablecoin payment products because Decta’s clients do not directly interact with USDC as part of the transaction process.

Decta, founded in London in 2015, provides payment processing, acquiring, card issuance, banking infrastructure and related services to businesses. According to the company’s announcement, it operates across 32 countries and serves hundreds of companies.

Its website describes the group as an end-to-end payments infrastructure provider covering acquiring, issuing and processing, with services including payment acquiring, BIN sponsorship, white-label card issuing, issuer and acquirer processing and digital banking infrastructure.

The USDC arrangement adds a blockchain-based settlement rail to Decta’s internal financial operations without requiring the company to change the payment products offered to its customers.

OpenPayd brings regulated USDC conversion into the process

OpenPayd’s role in the arrangement follows the company’s expansion of its regulated digital asset services in Europe.

In June 2026, OpenPayd received MiCA authorization, which allows the London-founded financial infrastructure provider to offer regulated crypto services across the European Economic Area under a single authorization.

The approval covers fiat-to-stablecoin conversions, custody, wallet infrastructure and stablecoin transfers across supported blockchain networks, according to OpenPayd. The company secured the authorization shortly before the European Union’s MiCA transition period ended on July 1.

OpenPayd was founded in London in 2018 and connects traditional fiat payment infrastructure with digital assets. Its client base includes Kraken, eToro, OKX and institutional crypto liquidity provider B2C2, according to the Decta announcement.

Its USDC infrastructure was developed before the MiCA approval. Back in 2025, OpenPayd partnered with Circle to allow clients to convert between fiat currencies and USDC while managing both forms of money through the company’s financial infrastructure.

At the time, the companies said the integration was designed for uses including payments, treasury management and digital asset services. OpenPayd said it processed more than €130 billion annually when the partnership was announced.

The company has since built stablecoin functions that allow businesses to receive, hold, convert and send digital dollars alongside fiat balances. OpenPayd said in February that its infrastructure could also be embedded into existing treasury and payment workflows while supporting cross-border settlement.

Stablecoins are entering corporate treasury workflows

Decta is not the only company testing stablecoins primarily as a treasury tool rather than as a consumer payment method.

In July, Hyundai Motor’s U.S. and Mexican operations completed a $20,000 cross-border treasury transfer using USDT on Avalanche, with the transaction settling in about seven minutes, as previously covered by crypto.news.

Tether said Hyundai Motor America converted dollars into USDT and transferred the tokens to Hyundai Motor Mexico, where the stablecoin was converted back into dollars. Hyundai Card designed the remittance structure while Axiym supplied settlement infrastructure, and the companies kept their existing compliance, accounting and treasury controls in place during the test.

The Hyundai pilot also followed a separate integration between Circle and treasury software provider Kyriba. According to the companies, Kyriba’s corporate clients can manage USDC balances alongside cash positions and use the stablecoin for eligible cross-border and intercompany transactions while retaining existing treasury approval procedures.

Business use of stablecoins has also extended into liquidity management. Bitso Business said in July that stablecoin transaction volume on its platform had increased 81% year over year during the first half of 2026, attributing the increase to demand for real-time settlement, treasury management and cross-border liquidity services. More than 60% of its newly onboarded business clients during the period were financial institutions, including banks and licensed payment providers, the company said.

Decta’s implementation differs from some of those pilots because the company is integrating USDC into an active internal treasury process through an external regulated infrastructure provider rather than announcing a customer stablecoin product.

Decta has previously explored a MiCA stablecoin

The treasury integration follows Decta’s earlier work involving regulated stablecoins in Europe.

In August 2024, Decta Limited and France-based Next Generation said they were exploring the issuance of a euro-pegged stablecoin under the European Union’s Markets in Crypto-Assets Regulation, subject to receiving the necessary regulatory approval.

MiCA introduced specific requirements for stablecoin issuers and crypto service providers across the European Union, while authorization in one member state can allow eligible firms to passport their services across the bloc. The regulatory transition for crypto-asset service providers ended on July 1, 2026.

USDC has remained available within the regulated European market because Circle obtained the required authorization for the stablecoin, while several platforms restricted non-compliant assets as the MiCA transition ended.

For its latest implementation, however, Decta is not issuing a stablecoin or offering one to customers. Its funds are instead sent to OpenPayd, converted into USDC through OpenPayd’s OTC infrastructure and used for Decta’s own international operational settlements before the company continues managing its customer payment services separately.

Bitcoin slipped below $64,000 on Aug. 11 as traders cut risk ahead of fresh U.S. inflation data and rising oil prices revived concerns about the Federal Reserve’s rate path. 

BTC traded near $63,855 at the time of writing, down about 1.6% over 24 hours after making several unsuccessful attempts to establish support above $65,000.

The pullback follows a short recovery that took Bitcoin above $65,300 on Monday. As covered in Monday’s CPI preview, weaker U.S. employment data had previously helped BTC recover as traders reduced expectations for tighter monetary policy. The focus has now shifted to inflation and energy prices.

Bitcoin has tested the $65,000 area for four consecutive days without sustaining a move above it. Downside levels remain relevant. Recent short term holder analysis placed the average acquisition price for newer holders at $67,523, meaning BTC remains below a level where some investors could seek to exit near breakeven. Support has recently formed around $63,000 to $64,000.

Ether and XRP lead losses as altcoins split

Large cap altcoins were mostly weaker alongside Bitcoin. Ether traded at about $1,871 at press time, down 2.8% over 24 hours. XRP traded near $1.00 after falling 3.1% and was down more than 6% over seven days. Solana declined about 1% to $75.78, while BNB slipped 1% to roughly $599.

Performance was not uniformly negative. Hyperliquid rose about 2.4% to $55.25, Chainlink gained 2% to $8.43, TRX advanced 0.5% to $0.33 and Dogecoin added roughly 0.5% around $0.07. Among the top 100 assets shown, Internet Computer gained 8.3%, Lighter rose 7% and Mantle added 5.8%. Bitway fell 8.1%, Canton declined 6.5% and Cardano lost 4.8%.

The split suggests traders are still willing to take selective altcoin exposure despite weakness in Bitcoin, Ether and XRP. However, the broad market has yet to show the synchronized strength typically associated with a sustained risk rally.

U.S. CPI and oil become the next macro test

Oil has returned as a major U.S. macro risk. Brent crude held around $87.81 on Tuesday after gaining more than 5% in the previous session as hopes for an agreement between Washington and Tehran weakened. Negotiations over the Strait of Hormuz remain unsettled, keeping energy supply risks elevated. Reuters provided the latest report.

Higher energy prices can feed into inflation expectations and affect the outlook for U.S. interest rates. The Bureau of Labor Statistics schedule confirms that July CPI will be released Wednesday, Aug. 12, at 8:30 a.m. ET. The release gives traders a fresh reading on inflation after softer June data had eased some pressure on risk assets.

U.S. Treasury markets are already reflecting some of that caution. The benchmark 10 year yield rose toward 4.7% alongside oil on Monday. Higher yields generally raise the return available on lower risk assets, creating another hurdle for Bitcoin and other cryptocurrencies ahead of the CPI release.

What happens next for Bitcoin and ETF flows

Institutional flows offer a mixed signal. U.S. spot Bitcoin ETFs recorded five consecutive positive sessions from Aug. 3 through Aug. 7, attracting $865.3 million according to Farside Investors. That streak ended Monday with $144.6 million in net withdrawals, including $53.6 million from BlackRock’s IBIT and $52 million from Grayscale’s GBTC. Farside’s latest data replaces earlier provisional estimates of Monday’s outflow.

The strong preceding week was examined in recent ETF inflow coverage, although that report used SoSoValue figures and therefore produced a slightly different weekly total. Both datasets showed the same broad pattern: five positive sessions followed by renewed withdrawals on Monday.

Washington also remains part of the market backdrop. The Senate pushed its CLARITY Act vote into September after lawmakers failed to resolve disagreements before the August recess, as detailed in earlier CLARITY Act coverage. That removed an anticipated August policy event while leaving market structure legislation unresolved.

Wednesday’s CPI release is now the nearest fixed catalyst. Bitcoin first needs to reclaim $65,000 before the $67,500 to $70,000 region becomes relevant again. 

A move below the recent $63,000 area would instead put the market’s latest recovery under greater pressure. Neither direction has been confirmed, leaving inflation, Treasury yields and ETF flows as the clearest near term signals to watch.

XRP ETF inflows collapsed 93% in a single week while the token tests $1.00 support. But whales are accumulating more than 10 million XRP per day, RLUSD has reached $1.6 billion in market cap, and the CLARITY Act vote is 35 days away. Recovery is not impossible. It is conditional.

XRP is caught between two stories that cannot both be true at the same time. The first story says the token is dying: price down 65% from January, ETF inflows in freefall, the CLARITY Act stalled, and a stablecoin that is growing faster than the token it was supposed to support. The second story says smart money is quietly loading up: whales are pulling more than 10 million XRP per day off exchanges, on chain accumulation signals are at multi year highs, and the legal clarity that no other major token possesses gives XRP a structural advantage that the market has not yet priced.

Both stories have evidence. Neither is complete. What determines which one wins comes down to three specific conditions, each of which is observable and each of which has a timeline. If all three are met, the recovery case is strong. If two fail, the current price may be the beginning of a longer decline rather than a floor.

Condition one: the CLARITY Act must pass or an equivalent catalyst must replace it

The single most important variable for XRP in the second half of 2026 is whether the Digital Asset Market Clarity Act becomes law. The bill would classify XRP as a digital commodity under CFTC jurisdiction, resolving the remaining ambiguity left by the Ripple v. SEC settlement.

That settlement, finalized in 2025, produced a split decision. Institutional sales of XRP were deemed securities transactions. Programmatic sales on exchanges were not. Ripple paid a $125 million civil penalty, and the SEC withdrew its appeal. The legal case is closed. But the regulatory framework that would tell institutional allocators exactly how to treat XRP in a portfolio does not yet exist.

The CLARITY Act would provide that framework. Under its provisions, tokens meeting decentralization criteria move to CFTC oversight, a lighter regulatory regime that institutional compliance departments are comfortable with. XRP, having survived the most significant enforcement action in crypto history and emerged with a court ruling that its exchange sales are not securities, is positioned to benefit more than almost any other token from this classification.

The problem is that the CLARITY Act may not pass. Senate Majority Leader Thune filed cloture before the August recess, setting up a procedural vote as early as September 15. But the bill needs 60 votes to clear the filibuster, and Polymarket traders assign only 16% odds of passage in 2026. The core obstacle is an ethics provision targeting presidential involvement in crypto that Democrats and Republicans cannot agree on.

If the CLARITY Act fails, XRP loses its most potent near term catalyst. The token would remain in a regulatory gray zone where the SEC case is resolved but the broader framework is not. Institutional allocators who cite regulatory clarity as a prerequisite for increasing exposure, 65% of them according to a 2026 survey, would continue to wait.

The question is whether an alternative catalyst could fill the gap. Two candidates exist. First, the SEC could issue formal guidance classifying XRP as a commodity without legislation, using the Ripple ruling as precedent. This is possible but unlikely given the current commission’s preference for case by case enforcement. Second, sustained ETF inflows at scale could signal that the market has effectively made the classification decision regardless of what Washington does. That leads to the second condition.

South Korea will expand its crypto Travel Rule to all transfers between registered virtual asset service providers (VASPs), removing the current 1 million won (about $700) threshold.

The country’s Cabinet approved amendments to the Enforcement Decree of the Act on Reporting and Using Specified Financial Transaction Information on Tuesday.

Under the changes, the Travel Rule will apply to all transfers between registered crypto service providers regardless of value. Receiving platforms will also be required to obtain sender and recipient information and may request missing information or reject transactions when required data is unavailable.

Removing the threshold is intended to prevent users from circumventing the rule by splitting transfers into smaller amounts, according to the Financial Intelligence Unit. 

It cited one case in which a user bought Tether USDt (USDT) after depositing about 200 million won into a crypto exchange and then made 216 withdrawals, each worth less than 1 million won.

Related: South Korea plans stablecoin rules as opposition pushes crypto tax repeal

South Korea tightens rules for overseas exchanges, personal wallets

The amendments also introduce new Anti-Money Laundering (AML) requirements for transfers involving overseas crypto exchanges and personal wallets.

Registered local VASPs will be required to determine which transfers they allow based on the risk posed by the counterparty. Transfers to low-risk overseas exchanges will be permitted, while transfers involving other foreign exchanges and personal wallets will generally be allowed when the sender and recipient are the same person.

However, transactions involving counterparties deemed high risk will be prohibited.

Crypto platforms will also have to establish their own suspicious transaction monitoring systems for transfers worth at least 10 million won involving foreign exchanges or personal wallets.

South Korean authorities said suspected money laundering involving overseas exchanges and personal wallets has increased as gaps in existing AML rules governing such transfers have been exploited.

The decree also strengthens registration requirements for crypto service providers, including financial health, internal controls, staffing and infrastructure standards, while expanding scrutiny of major shareholders.

The VASP registration provisions will take effect on Aug. 20, although existing providers will have an additional year to comply with some financial, staffing, infrastructure and internal control requirements. The expanded Travel Rule and other transfer-related AML requirements will take effect six months after the decree is promulgated.

Asia Express: Thailand’s 0% crypto tax. Bitcoin Red Team forced to use Chinese AI