South Korean financial authorities have delayed the implementation of the Credit Information Law for virtual asset companies until December 2025
2025-04-11 01:38:40
The Korea Financial Supervisory Service announced that the obligation of companies such as virtual asset exchanges to apply the Credit Information Utilization and Protection Act will be postponed until December 1, 2025. During this transition period, companies will not be sanctioned for violating the law unless there is intentional or gross negligence. Virtual asset companies need to complete compliance preparations such as internal regulations improvement and customer transaction information management during this period.
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