Republic of Korea: Revision Bill for Act on Reporting and Using Specified Financial Transaction Information
Progress
Scope
Timeline of events
Revision of Act on Reporting and Using Specified Financial Transaction Information enters into force
On 20 August 2026, the amendment to the Act on Reporting and Using Specified Financial Transaction Information enters into force, 6 months after its promulgation as Law No. 21358 on 19 February 2026. The amendment applies to virtual asset service pr…
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…
Revision Bill for Act on Reporting and Using Specified Financial Transaction Information was introduced to National Assembly
On 4 December 2025, an amendment to the Act on Reporting and Using Specified Financial Transaction Information that would change the registration screening framework for virtual asset service providers was introduced to the National Assembly. The Bi…