South Korea's Financial Intelligence Unit (FIU) is considering dropping the requirement for mandatory Suspicious Transaction Reports (STRs) on large cross-border virtual asset transfers and peer-to-peer wallet transactions. This move comes as part of a broader strategy to streamline regulatory processes while maintaining robust oversight of digital asset transactions. Despite this potential easing of STR requirements, the FIU plans to continue expanding the Travel Rule's scope. This expansion aims to enhance the tracing of digital asset transactions, ensuring compliance with international standards and improving the transparency of cryptocurrency transfers.