Republic of Korea: National Assembly adopted Revision Bill for Act on Reporting and Using Specified Financial Transaction Information
Description
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…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
legislature
Government Body
parliament