Republic of Korea: Enforcement Decree of the Act on the Protection of Virtual Asset Users (Presidential Decree No. 35472)
Progress
Current status
in force
23 Apr 2025 in force
22 Apr 2025 adopted
Scope
Implementers
Republic of Korea
Policy Area
Consumer protection
Policy Instrument
Quality of Service requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
other service provider
Government Branch
executive
Government Body
central government
Implementation Level
national
Timeline of events
Enforcement Decree of the Act on the Protection of Virtual Asset Users (Presidential Decree No. 35472) entered into force
On 23 April 2025, the Central Government of the Republic of Korea implemented the Enforcement Decree of the Act on the Protection of Virtual Asset Users, etc. as outlined in Presidential Decree No. 35472. This decree regulates digital payment provid…
Event type
order
Action type
implementation
Government branch
executive
Government body
central government
Enforcement Decree of the Act on the Protection of Virtual Asset Users (Presidential Decree No. 35472) was adopted
On 22 April 2025, the Enforcement Decree of the Act on the Protection of Virtual Asset Users (Presidential Decree No. 35472) entered into force. The decree sets out rules for digital payment providers, including cryptocurrency services, to strengthe…
Event type
order
Action type
adoption
Government branch
executive
Government body
central government