According to Foresight News, citing Digital Today, the Korean financial regulatory authority has decided to postpone the application of the Credit Information Act's obligations for virtual asset service providers (VASP) until December 1, 2025. This decision provides additional time for exchanges and other platforms to prepare for compliance. According to the explanation from the Korea Financial Services Commission, transaction information of virtual asset users falls under the category of "credit information" and should have been subject to the law's regulation. The Financial Supervisory Service issued a related notice at the end of March.
South Korea extends virtual asset service providers' compliance obligations under the Credit Information Act to December 2025
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