INTERVIEW
2023.08.31
Haybit Joins Growing List of Cryptocurrency Depo Services Suspending Operations in Anticipation of
Service area
Lawyer
Cryptocurrency depository services continue to shut down. Following Haru Invest and Delio, Haybit has announced that it is suspending its deposit management service, stating that it is to comply with the Virtual Asset User Protection Act, which is scheduled to be implemented in July next year. Partner Attorney Ohoon Kwon explained that "the Act targets virtual asset businesses that have already been notified to the Financial Services Commission," so it is necessary to check exactly whether they are subject to notification.
