Strengthening Licensed VASP Operational Compliance Within South Korea’s Digital Asset Framework
Licensed VASP operational compliance serves as the baseline for institutional and retail security in the South Korean digital asset market. The Financial Services Commission (FSC) maintains rigorous oversight to ensure that entities handling virtual assets adhere to international standards of transparency and capital adequacy. By mandating strict internal controls, the government aims to prevent illicit activities while fostering an environment where legitimate market participants can operate with technical certainty.