Republic of Korea: Revision of Act on Reporting and Using Specified Financial Transaction Information enters into force
Description
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…
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
executive
Government Body
central government
Complete timeline of this policy change
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2025-12-04
under deliberation
2026-01-29
adopted