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Act on the Protection of Virtual Asset Users (press release)

Financial Services Commission, Republic of Korea

accessed Oct 17, 2026Updated Oct 17, 2026
Original source

https://www.fsc.go.kr/eng/pr010101/82683

fsc.go.kr

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Evidence levelA · Government / regulator
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Cited by (4)

FactBlockchain: South Korea: crypto-asset regulation = Act on the Protection of Virtual Asset Users in force; requires bank custody of user deposits, segregation of assets and monitoring for unfair tradingFactBlockchain: South Korea: Act enacted = Act on the Protection of Virtual Asset Users enactedFactBlockchain Mainnet Development: South Korea regulatory framework = Act on the Protection of Virtual Asset Users took effect 19 July 2024. It requires service providers to keep customer deposits at banks, segregate customer assets, hold hacking insurance or reserves, and monitor and report suspicious tradingFactEthereum: South Korea regulatory framework = Act on the Protection of Virtual Asset Users (in force 2024-07-19) covers virtual asset service providers: segregated customer assets, market surveillance, FSC/FSS enforcement