South Korea to Approve Only Two Virtual Asset Firms in 2025
The FIU (South Korea’s financial intelligence unit) has extended review periods amid legislative delays, reducing approvals by half compared to the previous year.
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Terms & Concepts
FIU (Financial Intelligence Unit): A government agency responsible for monitoring financial transactions to prevent money laundering and ensure compliance with relevant regulations.
Virtual Asset Business: A company engaged in the exchange, trading, or custody of digital assets such as cryptocurrencies.