Republic of Korea: Revision Bill for Act on Reporting and Using Specified Financial Transaction Information
Progress
Current status
adopted
29 Jan 2026 adopted
Scope
Implementers
Republic of Korea
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
legislature
Government Body
parliament
Implementation Level
national
Timeline of events
National Assembly adopted Revision Bill for Act on Reporting and Using Specified Financial Transaction Information
On 29 January 2026, the National Assembly passed an amendment to the Act on Reporting and Using Specified Financial Transaction Information that changes the registration screening framework for virtual asset service providers. The amendment allows t…
SourceEvent type
law
Action type
adoption
Government branch
legislature
Government body
parliament