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New Virtual Asset Protection Act Takes Effect in South Korea

Started by Bitcoin, Jul 22, 2024, 06:20 am

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New Virtual Asset Protection Act Takes Effect in South Korea

New Virtual Asset Protection Act Takes Effect in South KoreaSouth Korea’s Act on the Protection of Virtual Asset Users went into effect on July 19, 2024, aiming to protect users and ensure market stability. Initially revised in 2021 to mandate virtual asset service providers (VASPs) to register and adhere to anti-money laundering regulations, it became evident that further measures were necessary to combat unfair […]

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