According to CoinMeta, as reported by edaily, the Financial Intelligence Analysis Service of South Korea (FIU) has revised the Enforcement Order of the Specific Financial Information Act. The new regulations require strict scrutiny of the qualifications of major shareholders of exchanges, limit the debt-to-asset ratio of exchanges to no more than 200%, and eliminate the travel rule amount thresholds, covering all transfers. Differential controls will be implemented for transactions involving overseas exchanges and individual wallets. Exchanges are required to have professional personnel, equipment, and establish internal control systems. Some of these provisions will take effect on August 20th, while the travel rule related measures will be implemented six months later. Existing exchanges will be given a one-year grace period.