Act on the Protection of Virtual Asset Users
statute · FSC · 2023-07-18
South Korea (KR)
APAC · Lead regulator: FSC
Opportunity score
27.2Medium67Norms tracked
6
LLM-analyzed
6
100% coverage
CertiK services
3/14
Maturity
Low
1/6 dimensions
Next deadline
—
Regulatory coverage
Which of the six core regulatory dimensions this jurisdiction's norms actually address. Coverage is detected from the source text — not a structural heuristic.
Token issuanceNot detected
CustodyNot detected
Market abuseNot detected
AML / KYTCovered
TaxationNot detected
Consumer protectionNot detected
Data confidence — four components
Breakdown of the confidence badge shown above. Each component is independent and they sum (weighted) to the overall score.
Analysis coverage
100%
Share of tracked norms that have been LLM-analyzed.
Coverage breadth
17%
Share of the six regulatory dimensions that this jurisdiction's norms address.
Regulator diversity
75%
How many distinct regulators contribute to the tracked norms.
Evidence density
67%
Share of LLM-extracted fields backed by a verbatim source quote (Phase 1).
Regulators
FSC (lead)KoFIU / FSCKoFIU
CertiK services triggered
Green = triggered by at least one norm in this jurisdiction.
Security Auditing
Smart Contract Audit
L1 Chain Audit
Penetration Testing
Formal Verification
Compliance & Monitoring Products
SkyInsights — AML / KYT1n
Skynet — Threat Monitoring
Proof of Reserves
Skyshield — Bug Bounty
Performance Testing
Due Diligence1n
Incident Response
Advisory & Certification
Independent Certification
Security Guidance
Regulatory Compliance Support1n
Underlying norms
6 norms with regime, scope, gaps and verbatim evidence quotes. Scroll for more.
Act on Regulation and Punishment of Criminal Proceeds Concealment
statute · — · 2022-01-04
Scope: The provided text is the user interface of a legal database, not the substantive text of the regulation. It is not possible to determine the scope.
Gap or ambiguity: The substantive text of the law was not provided, making it impossible to identify any gaps or ambiguities.
source ↗All forms of Initial Coin Offerings (ICOs) prohibited
guidance · FSC · 2017-09-29
Scope: The provided text is a '404 Not Found' error message, indicating the original source document is missing. No regulatory scope can be determined from it.
Gap or ambiguity: The source text is a 'page not found' error, so no regulatory content is available for analysis. The primary gap is the absence of the regulation text itself.
source ↗KoFIU — Korea Financial Intelligence Unit (under FSC) — FIU receiving and analysing STRs; administers VASP registration
guidance · KoFIU / FSC · —· 2/3 anchored
RegistrationIn force
Scope: This text describes the role of the KoFIU in administering South Korea's AML/CFT framework. This includes receiving Suspicious Transaction Reports (STRs), Customer Due Diligence (CDD), and managing the registration of Virtual Asset Service Providers (VASPs).
Gap or ambiguity: The text is a high-level overview and does not specify the technical or security requirements for VASP registration. The criteria and standards for compliance are not detailed, leaving room for interpretation.
Due DiligenceRegulatory Compliance SupportSkyInsights — AML / KYT
Evidence (2) — verbatim quotes from the source
- Regime
“VASPs Registration Status”
- Status
“VASPs Registration Status”
Enforcement Decree of the Act on Reporting and Using Specified Financial Transaction Information
regulation · FSC · 2021-03-23
Act on Reporting and Using Specified Financial Transaction Information
statute · KoFIU · 2023-07-18
Scope: The provided text is a user interface for a legal database and does not contain the substantive content of the regulation.
source ↗Connected frameworks
How this jurisdiction inherits, is inspired by, or cites other regulatory texts.
Direct implementation
Binding transposition of a supranational anchor.
No edges.
Soft inspiration (3)
Non-binding alignment with standards or foreign law.
- INTL-FATFRECS-2025relação tipada extraída do body (inline Dataview)
Cross-citations (3)
Explicit citations in the body of norms.
- INTL-ICSFT-1999relação tipada extraída do body (inline Dataview)
- INTL-UNTOC-2000relação tipada extraída do body (inline Dataview)
- KR-FTRArelação tipada extraída do body (inline Dataview)