The Korean Financial Commission will amend the Specific Financial Information Law to improve the reporting process and system for virtual asset business operators

03/06 06:58

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The Financial Services Commission of South Korea announced that it will revise the "Act on Reporting and Use of Specific Financial Transaction Information" (referred to as the "Specific Financial Information Act") to improve the reporting process of virtual asset business operators, improve related reporting systems, and address additional needs identified during the operation of the virtual asset business reporting system.

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