Crypto exchange Crypto.com has announced a key regulatory milestone in South Korea after securing two local companies, giving it access to crypto and payments registration.
The announcement came during Korea Blockchain Week 2022 after the company announced the acquisition of payment service provider 'PnLink Co. Ltd.' and virtual asset service provider 'OK-BIT Co. Ltd.'
The move means they have now secured Electronic Financial Transaction Act and Virtual Asset Service Provider Registration in South Korea.
We're excited to share that we’ve achieve another key regulatory milestone:
EFTA + VASP registration in South Korea https://t.co/vCNztABJoG is committed to being the industry leader in regulatory compliance.
Full Details https://t.co/5D9hVQIDAl pic.twitter.com/kWjy7XaK4r
— Crypto.com (@cryptocom) August 8, 2022
Virtual Asset Service Provider registration will allow Crypto.com to provide crypto asset exchange and custody services. While Electronic Financial Transaction Act...
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