South Korea has approved tighter anti-money laundering controls for crypto transfers from domestic platforms to overseas exchanges and self-hosted wallets, adding new friction to the banking channels used to fund offshore trading. Under Cabinet-approved rules dated Aug. 11, registered virtual asset service providers must apply risk-based controls to such transfers and operate suspicious-transaction monitoring for movements of 10 million won, roughly $7,000, or more. Transfers to low-risk overseas exchanges may proceed, while transfers involving other overseas exchanges or self-hosted wallets will generally be allowed only when the sender and recipient are the same person, and high-risk counterparties can be barred; exchanges may also require proof of offshore account ownership, transfer purpose and source of funds. South Korea is also extending Travel Rule data requirements to every transfer between registered domestic virtual asset service providers. The measures add to Google Play restrictions that now cover at least 29 unregistered derivatives platforms, including previously affected apps such as Bybit, MEXC and HTX, while gross outbound transfers reached 2.76 trillion won versus 2.20 trillion won flowing back into domestic platforms and cumulative net outflows hit about 14.9 trillion won since January 2025, giving regulators a flow pattern to watch once the rules take effect six months after the revised decree is promulgated.