South Korea's financial authorities are set to expand the application of the Travel Rule, known as the 'crypto real-name system', to include small transactions. Previously, the rule applied only to transactions exceeding 1 million Korean won. The Financial Intelligence Unit (FIU) held its first task force meeting to revise the Special Financial Information Act, aiming to refine the regulatory framework for Virtual Asset Service Providers (VASPs) and develop anti-money laundering measures for stablecoins and other industry developments.