South Korean financial authorities delay implementation of the Credit Information Law on virtual asset companies until December 2025
According to online reports, the Korea Financial Supervisory Authority announced that the obligation of virtual asset exchanges and other companies to apply the Law on the Utilization and Protection of Credit Information will be postponed until December 1, 2025. During this transition period, unless there is intentional or gross negligence, relevant companies will not be sanctioned for violating this regulation. During this period, virtual asset companies need to complete compliance preparations such as improving internal regulations and managing customer transaction information.
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