South Korea’s crypto industry has reportedly warned that proposed Anti-Money Laundering (AML) rule changes could create operational confusion by forcing virtual asset service providers (VASPs) to report all overseas-linked virtual asset transfers worth 10 million Korean won (about $6,800) or more as suspicious transactions.

According to a Yonhap News report on Sunday, the Digital Asset eXchange Alliance (DAXA), an industry body representing South Korean exchanges, submitted comments o