Woofun AI reports that the Bank of Korea’s legal team released a research paper titled "Regulatory Framework for Foreign Remittance Transactions Involving Stablecoins." The document proposes that personal stablecoin transactions exceeding $10,000 be restricted to transfers between officially certified wallets, accompanied by a prior declaration mechanism.

The paper acknowledges technical challenges in controlling unregistered wallets but emphasizes the necessity of stricter controls on large cross-border flows to meet anti-money laundering requirements. This proposal refines previous regulatory statements regarding the monitoring of non-custodial wallet transactions.