Republic of Korea: Revision Bill for Act on Reporting and Using Specified Financial Transaction Information was introduced to National Assembly
Description
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…
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
Complete timeline of this policy change
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2025-12-04
under deliberation
2026-01-29
adopted