South Korea Expands Virtual Number Regulations; FSC Strengthens Asset Trading Oversight

2026-02-15 03:07:53

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South Korea’s Financial Supervisory Service (FSC) recently announced its latest policy developments, planning to expand the scope of virtual number regulations to include virtual asset transfers below the current threshold of 1 million Korean won (approximately $680). This move aims to strengthen anti-money laundering measures and effectively counter cross-border illegal transfers and financial crimes involving digital assets.

Starting from the 1 Million Korean Won Threshold: Upgrading Virtual Asset Transaction Regulations

According to data analysis by NS3.AI, this policy adjustment involves a significant upgrade to the existing transaction monitoring system. Expanding the coverage of the virtual number mechanism means that more low-value transactions will be subject to strict regulation. This decision reflects the South Korean regulators’ emphasis on risk prevention in the virtual asset market, especially in preventing money laundering and cross-border capital flows. By lowering the regulatory threshold, FSC aims to create a more comprehensive monitoring network.

Virtual Number Verification System Supports Anti-Money Laundering Efforts

The virtual number system is an important part of FSC’s anti-money laundering strategy, enabling real-time verification and tracking of every virtual asset transaction. Under the new policy, FSC not only enhances compliance review of virtual asset transfers but also establishes a multi-layered defense system against illegal cross-border fund flows. This multi-dimensional regulatory approach aims to cut off pathways for criminals to use digital assets for money transfers.

Digital Financial Innovation and Regulatory Balance: FSC’s New Approach

In addition to strengthening anti-money laundering measures, FSC is also committed to promoting healthy development of financial technology. The agency is actively exploring the application of AI technology in regulation and advancing data integration and coordination mechanisms. This indicates that South Korean regulators are seeking a balanced approach that can both combat financial crimes and support digital financial innovation. The expansion of virtual number regulations is a concrete implementation of this strategic balance, reflecting FSC’s attitude of managing and empowering the virtual asset ecosystem.

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