Compliance Requirements for Offshore Digital Asset Platforms Serving Korean Residents
International digital asset exchanges, including KuCoin, face intensifying scrutiny from South Korean financial authorities regarding their operations within the domestic market. The Financial Services Commission (FSC) maintains a strict stance that any platform facilitating services for Korean users—such as providing Korean-language interfaces or marketing activities—must register as a Virtual Asset Service Provider (VASP). This regulatory perimeter is designed to ensure that all entities handling local capital adhere to the same transparency standards as domestic firms.