Blockchain
2021.06.29
Examination on VASP Registration
Service area
Cha&Kwon Law Offices conducted examination on relevant materials with a blockchain specialized corporate’s VASP (Virtual Asset Service Providers) registration under the Act on Reporting and Using Specified Financial Transaction Information. Cha&Kwon focused on whether the business model in progress falls under VASP by the law.
VASP registration takes a long time because it requires ISMS certificate and registration preparation procedures. We adivse businesses to receive legal consultation before registration to make sure whether the business requires VASP registrations.
