TechFlow news, January 16 — According to News1, starting January 28, 2026, Google Play in South Korea will implement new regulations requiring all overseas virtual asset exchanges to complete registration as a VASP (Virtual Asset Service Provider) with the Financial Intelligence Unit (FIU) and obtain an official "accepted" confirmation. Otherwise, they will be unable to list or update their apps in the South Korean market.
Google emphasized that merely submitting application materials is insufficient; exchanges must upload official documentation proving that the FIU has formally accepted their application. Since completing this acceptance process requires establishing a Korean legal entity, obtaining ISMS (Information Security Management System) certification, and undergoing rigorous review, industry insiders anticipate major overseas exchanges including Binance and OKX may fail to meet these requirements, facing potential service disruptions in the South Korean market.
