Original sourceDigital TodayAdditional: Businesskorea
Summary
South Korea will implement the revised 'Specific Financial Information Act' on August 20, expanding the review scope for digital asset operators to include major shareholders and governance structures, not just operators themselves. The new rules introduce risk-based exemption clauses, allowing min…
Key points
- Regulatory changes in South Korea impact the governance and compliance requirements of crypto exchanges.
- As a major global crypto market, this revision will reshape the industry's regulatory framework.
- Exchanges and digital asset operators need to adjust governance structures and compliance processes to meet new rules.
Editorial note
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