South Korean VASP registration deadline restructures exchange market
South Korea's September 24 registration deadline forced virtual-asset businesses to decide whether to complete KoFIU registration requirements or stop serving the market. The deadline reduced the field of won-based exchanges and completed a regulatory sequence that began when the amended AML law took effect in March.
South Korea's September 24 registration deadline forced virtual-asset businesses to decide whether to complete KoFIU registration requirements or stop serving the market. The deadline reduced the field of won-based exchanges and completed a regulatory sequence that began when the amended AML law took effect in March.
Culmination of the March regime and July foreign-platform notice; concrete market-access consequence.