{"id":482299,"date":"2022-08-08T09:34:28","date_gmt":"2022-08-08T06:34:28","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/kbw-2022-crypto-com-hits-key-regulatory-milestone-in-south-korea\/"},"modified":"2022-08-08T09:34:28","modified_gmt":"2022-08-08T06:34:28","slug":"kbw-2022-crypto-com-hits-key-regulatory-milestone-in-south-korea","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/kbw-2022-crypto-com-hits-key-regulatory-milestone-in-south-korea\/","title":{"rendered":"# KBW 2022: Crypto.com hits key regulatory milestone in South Korea"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a258b2dac35f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a258b2dac35f\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/kbw-2022-crypto-com-hits-key-regulatory-milestone-in-south-korea\/#%E2%80%9D_KBW_2022_Cryptocom_hits_key_regulatory_milestone_in_South_Korea_%E2%80%9C\" >&#8221; KBW 2022: Crypto.com hits key regulatory milestone in South Korea &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_KBW_2022_Cryptocom_hits_key_regulatory_milestone_in_South_Korea_%E2%80%9C\"><\/span>&#8221; KBW 2022: Crypto.com hits key regulatory milestone in South Korea &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDgvODIzZDIyZDYtYWU5MS00Y2VhLWJhMDgtMWVhYTAzMTExZmRiLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-28d77a7a>Crypto exchange Crypto.com says it achieved a key milestone in South Korea after securing two local companies, giving it access to crypto and payments registration in the country.\u00a0<\/p>\n<p>The <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> came during Korea Blockchain Week 2022 after the company announced it acquired payment service provider &#8216;PnLink Co. Ltd.&#8217; and virtual asset service provider &#8216;OK-BIT Co. Ltd.&#8217;<\/p>\n<p>The move means they have now secured Electronic Financial Transaction Act and Virtual Asset Service Provider Registration in South Korea.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We&#8217;re excited to share that we\u2019ve achieve another key regulatory milestone:<\/p>\n<p>EFTA + VASP registration in South Korea <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/vCNztABJoG\">https:\/\/t.co\/vCNztABJoG<\/a> is committed to being the industry leader in regulatory compliance.<\/p>\n<p>Full Details <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/5D9hVQIDAl\">https:\/\/t.co\/5D9hVQIDAl<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/kWjy7XaK4r\">pic.twitter.com\/kWjy7XaK4r<\/a><\/p>\n<p>\u2014 Crypto.com (@cryptocom) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cryptocom\/status\/1556444941835849728?ref_src=twsrc%5Etfw\">August 8, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nVirtual Asset Service Provider registration will\u00a0allow Crypto.com to provide crypto asset exchange and custody services.\u00a0While Electronic Financial Transaction Act registration keeps them in compliance with the law regarding the safety and reliability of electronic financial transactions.<\/p>\n<p>However, the company did not disclose whether this means it can offer its full suite of crypto trading services in the country, or if there are other requirements needing to be fulfilled.\u00a0<\/p>\n<p>Crypto.com CEO Eric Anziani, who presented at the conference also confirmed the announcement separately on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> on Aug. 7, stating: <\/p>\n<blockquote><p>\u201cToday we announced that we have secured both payment and crypto registrations in South Korea, one of the most advanced<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hashtag_click\"> #crypto<\/a> market globally\u201d <\/p><\/blockquote>\n<p>In a press statement, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a> Manager Patrick Yoon said: &#8220;We believe our services can not only help further evolve and empower commerce in Korea but also support the greater creation and development of our Web3 ecosystem.&#8221;<\/p>\n<p>The announcement follows Crypto.com receiving in-principle <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roval for a Major Payment Institution License from the Monetary Authority of Singapore and provisional approval of its Virtual Asset License from the Dubai Virtual Assets Regulatory Authority.<\/p>\n<p>They also have registration in Italy from the Organismo Agenti e Mediatori (OAM), in Greece from the Hellenic Capital Market Commission, and Cyprus from the Securities and Exchange Commission.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/kbw-2022-crypto-com-hits-key-regulatory-milestone-in-south-korea\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; KBW 2022: Crypto.com hits key regulatory milestone in South Korea &#8220; Crypto exchange Crypto.com says it achieved a key milestone in South Korea after securing two local companies, giving it access to crypto and payments registration in the country.\u00a0 The news came during Korea Blockchain Week 2022 after the company announced it acquired payment&#8230;<\/p>\n","protected":false},"author":1,"featured_media":482300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDgvODIzZDIyZDYtYWU5MS00Y2VhLWJhMDgtMWVhYTAzMTExZmRiLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[131578,70934,72420],"class_list":["post-482299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-crypto-com","tag-regulation","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/482299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=482299"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/482299\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/482300"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=482299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=482299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=482299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}