South Korean financial authorities require virtual asset operators to report any information about foreign executives

ChainCatcher news, according to News1, South Korean financial authorities have notified existing virtual asset operators to report any changes in their location or registered foreign executives.

It is reported that previously, reporting to the authorities was only required when there were changes in the address or executives of the virtual asset operators. Industry insiders believe that this change by the authorities is related to Binance's acquisition of Gopax.