VASP Tracker › South Korea
South Korea crypto licensing: VAUPA
In force / passed In force / passed: 19 Jul 2024 (in force)
- Regulator
- Financial Services Commission (FSC)
- Legal basis
- Act on the Protection of Virtual Asset Users
FSC · Press release (17 Jul 2024) - Official register
- No register linked yet.
What is changing
South Korea's first-phase crypto law, the Act on the Protection of Virtual Asset Users, has been in force since 19 July 2024. It covers user-asset protection and unfair trading. We have not verified an official date for a second-phase law.
Timeline
- in force
The Virtual Asset User Protection Act takes effect: VASPs must safeguard user deposits and assets and monitor and report abnormal trading, under FSC supervision and sanctions.
Sources: FSC · Press release official
A company-level tracker for South Korea is in preparation. This page covers the rules and dates only. CSV
Cite this
VASP Tracker, “South Korea crypto licensing: VAUPA”, https://vasptracker.com/en/kr/ (20 Oct 2026), CC BY 4.0.