According to ChainCatcher, the Financial Intelligence Unit (FIU) of the Financial Services Commission of South Korea approved the registration of virtual asset service providers (VASPs) for the first time in a year. The entities approved for registration include virtual asset infrastructure company DSRV and crypto asset custodian BDACS. DSRV submitted its registration application in October 2023 and was approved about a year later, while BDACS submitted its application in February 2024 and was approved about six months later.