Jurisdiction reference

South Korea

Regulator: FSC / FIU Korea. License/registration context: Registration. 28 VASP/entity records are tracked by Plexo Institute in South Korea. Official registry source: FSC/FIU VASP Registry. Data last updated: 2026-09-24.

Digital Asset Basic Act (DABA) proposed June 10, 2025; under active legislative consideration; FSC primary regulator; expected passage late 2025/early 2026; KRW-denominated stablecoins anticipated as part of Phase 2 virtual asset legislation; 1:1 backing required; quarterly audits, monthly reports mandated; banks and approved non-banks as issuers; minimum capital KRW 1B (under DAIGA proposal); four bills on stablecoins submitted to National Assembly; regulatory sandbox pilot for KRW stablecoins being explored; major banks (KB, Shinhan, Woori, NH, IBK) seeking first-mover advantage.

Regulatory Status

Jurisdiction code
KR
Regime
Registration
Regulator
FSC / FIU Korea
Governing law
Act on Reporting and Use of Specific Financial Transaction Information
Travel Rule
Enforced
Tracked entities
28
Recognized stablecoin backing
fiat-backed
Yield-bearing stablecoins
Restricted
Currency
KRW

Regulatory approach

FSC: Primary regulator for stablecoin issuance licensing and supervision; sets prudential standards; enforces sanctions for violations. BOK: Participates in oversight of digital assets including stablecoins; monetary policy implications. Dual-regulator approach with FSC as lead for licensing and prudential oversight; Bank of Korea coordination on systemic risk.

Licensed entities in South Korea

30 regulated-entity records tracked in South Korea by Plexo Institute.

Regulated entities tracked in South Korea
EntityStatusLicense type
Bagel Exchange Registered VASP Registration
Bithumb Registered VASP Registration
Bitsonic Registered VASP Registration
BTCKorea.com Registered VASP Registration
Cashierest Registered VASP Registration
Coinbit Registered VASP Registration
CoinNest Registered VASP Registration
Coinone Registered VASP Registration
Coinsbit Korea Registered VASP Registration
Coredax Registered VASP Registration
Cpdax Registered VASP Registration
Daybit Registered VASP Registration
Flata Exchange Registered VASP Registration
Flybit Registered VASP Registration
Foblgate Registered VASP Registration
Gdac Registered VASP Registration
Gopax Registered VASP Registration
Hanbitco Registered VASP Registration
Haru Invest Registered VASP Registration
Huobi Korea Registered VASP Registration
Korbit Registered VASP Registration
MetaBit Global Registered VASP Registration
Neopin Registered VASP Registration
Oasis Exchange Registered VASP Registration
OKX Korea Registered VASP Registration
Prixbit Registered VASP Registration
ProBit Registered VASP Registration
Upbit Registered VASP Registration
소개인사말주요사업연혁조직도CI회원사 현황 Registered VASP Registration
자율규제통합정보daxa 자율규제안가상자산사업자 신고 현황가상자산정보길라잡이법령 정보교육 영상 Registered VASP Registration

Stablecoin laws in South Korea

Primary legal texts Plexo Institute tracks for South Korea.

Central bank digital currency in South Korea

Plexo Institute tracks 1 central bank digital currency programme in South Korea.

  • Digital Won — Status: Pilot · Central bank: Bank of Korea (BOK) · Model: Both · Technology: Under evaluation

Relationship Graph

Jurisdiction FAQ

Who regulates South Korea?

The current Plexo Institute record lists FSC / FIU Korea as the regulator for South Korea.

How many VASPs are tracked in South Korea?

28 VASP/entity records are tracked by Plexo Institute in South Korea.

What is the Travel Rule status in South Korea?

The current Plexo Institute record lists the Travel Rule status for South Korea as Enforced.

Source Evidence

This profile is compiled from official legislation and regulator records. Source confidence: official source evidence.