According to DigitalAsset, the legal team of the Bank of Korea (BOK) published a paper titled *Regulatory Proposal for Foreign Remittance Transactions Involving Stablecoins*. The paper suggests strengthening oversight of the regulatory blind spot concerning transactions between personal wallets. Specifically, it recommends that stablecoin transactions exceeding $10,000 between individuals should only be allowed between 'certified wallets.' This proposal is based on existing foreign remittance laws, which require declarations for outbound foreign currency transactions exceeding $10,000. The paper notes that while it is technically challenging to restrict all non-registered electronic payment transactions, due to anti-money laundering (AML) requirements, transactions involving large-scale foreign currency flows should require prior declaration and be limited to certified wallet interactions. Previously, South Korean regulators have repeatedly emphasized the need to monitor and regulate cross-border transactions involving non-custodial wallets. https://(wublock123.com)/news/south-korea-cenbank-paper-recommends-certified-wallets-for-pe-tope-stablecoin-trades-64226