Republic of Korea: Enforcement Decree on the Protection of Virtual Asset Users
Progress
Current status
in force
19 Jul 2024 in force
25 Jun 2024 adopted
Scope
Implementers
Republic of Korea
Policy Area
Consumer protection
Policy Instrument
User/subject right
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central government
Implementation Level
national
Timeline of events
Implemented Enforcement Decree on the Act on the Protection of Virtual Asset Users
On 19 July 2024, the Enforcement Decree on the Act on the Protection of Virtual Asset Users enters into force. The Act on the Protection of Virtual Asset Users was enacted on 18 July 2023 and aims to safeguard virtual asset users and establish a sta…
SourceEvent type
order
Action type
implementation
Government branch
executive
Government body
central government
Adopted Enforcement Decree on the Protection of Virtual Asset Users
On 25 June 2024, the State Council adopted the Enforcement Decree on the Act on the Protection of Virtual Asset Users. The Act on the Protection of Virtual Asset Users was enacted on 18 July 2023 and aims to safeguard virtual asset users and establi…
SourceEvent type
order
Action type
adoption
Government branch
executive
Government body
central government