TechFlow news, on September 25, according to Digital Asset, South Korea's Financial Intelligence Unit (FIU) under the Financial Services Commission has approved registration for Virtual Asset Service Providers (VASPs) for the first time in a year. The approved entities include virtual asset infrastructure company DSRV and crypto asset custodian BDACS. DSRV submitted its registration application in October 2023 and received approval after approximately one year, while BDACS submitted its application in February 2024 and was approved after about six months.
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