#韩国VASP注册审查扩至大股东
🇰🇷 South Korea goes for a bigger move!
Brothers, South Korea’s regulators have tightened up again! According to the latest reports, the Financial Intelligence Unit (FIU) and the Financial Supervisory Service (FSS) of South Korea announced that, starting August 20, 2026, the scope of registration reviews for Virtual Asset Service Providers (VASPs) will be officially expanded to include major shareholders.
📊 Quick highlights:
1. Expanded review targets: Not only will the review cover the largest shareholder and major shareholders holding 10% or more, but it will also include shareholders that have “special relationships” with the largest shareholder. If the largest shareholder is a corporation, then that corporation’s largest shareholder and its representatives will also be included in the review.
2. Changes must be pre-filed: If there are changes to a major shareholder or the company’s legal compliance framework, operators must give the financial authorities at least 30 days’ advance notice.
3. Crackdown on shady backgrounds: The new rules clearly prohibit individuals with records of drug-related crimes or tax-related offenses from becoming major shareholders of a VASP—cutting off malicious capital at the source.
💡 Web3 perspective:
This round of South Korea’s “penetrative-style regulation” is aimed at preventing money laundering and the infiltration of illegal funds. Compliance barriers are being raised across the board. As global regulation moves closer to FATF standards, the moat for compliant exchanges keeps getting deeper. What do you think this will do to the market landscape for South Korea’s local exchanges? Share your thoughts in the comments!👇
$BTC
🇰🇷 South Korea goes for a bigger move!
Brothers, South Korea’s regulators have tightened up again! According to the latest reports, the Financial Intelligence Unit (FIU) and the Financial Supervisory Service (FSS) of South Korea announced that, starting August 20, 2026, the scope of registration reviews for Virtual Asset Service Providers (VASPs) will be officially expanded to include major shareholders.
📊 Quick highlights:
1. Expanded review targets: Not only will the review cover the largest shareholder and major shareholders holding 10% or more, but it will also include shareholders that have “special relationships” with the largest shareholder. If the largest shareholder is a corporation, then that corporation’s largest shareholder and its representatives will also be included in the review.
2. Changes must be pre-filed: If there are changes to a major shareholder or the company’s legal compliance framework, operators must give the financial authorities at least 30 days’ advance notice.
3. Crackdown on shady backgrounds: The new rules clearly prohibit individuals with records of drug-related crimes or tax-related offenses from becoming major shareholders of a VASP—cutting off malicious capital at the source.
💡 Web3 perspective:
This round of South Korea’s “penetrative-style regulation” is aimed at preventing money laundering and the infiltration of illegal funds. Compliance barriers are being raised across the board. As global regulation moves closer to FATF standards, the moat for compliant exchanges keeps getting deeper. What do you think this will do to the market landscape for South Korea’s local exchanges? Share your thoughts in the comments!👇
$BTC