Paycoin Is Finally a VASP.. Increase of Its Price

Financial Services Commission accepted payment company Danal’s virtual asset payment platform Paycoin’s report for Virtual Asset Service Provider (VASP). Partner attorney Ohoon Kwon (권오훈) expressed his concern that Paycoin may not fall under VASP since 1) its business model does not directly operate virtual asset wallets and because 2) the Act on Reporting and Using Specified Financial Transaction Information mainly focuses on exchanges trading and dealing virtual assets. Meanwhile, Paycoin will continuously strive to be registered as a VASP. [Pinpoint News 2022.04.21.]

URL: Paycoin Is Finally a VASP.. Increase of Its Price