South Korean financial regulators have approved a new virtual asset service provider for the first time in a year

ChainCatcher news, the Financial Intelligence Unit (FIU) of the South Korean Financial Services Commission has approved the registration of virtual asset service providers (VASPs) for the first time in a year. The approved entities include virtual asset infrastructure company DSRV and crypto asset custody institution BDACS. DSRV submitted its registration application in October 2023 and received approval about a year later, while BDACS submitted its application in February 2024 and received approval about six months later.