TechFlow news: Since Binance acquired Gopax earlier this year to enter the South Korean market, South Korea's financial regulators have intensified their oversight of virtual asset service providers (VASPs) more than ever before.
Authorities have previously notified existing VASPs to report any changes regarding their location or registered personnel.
Previously, reporting was required only when there was a change in address or senior management; now, full disclosure of foreign executives is mandated. Industry insiders believe this regulatory shift is related to Binance's acquisition of Gopax.
Add to Favorites
Share to Social Media
