The number of virtual asset operators in South Korea has dropped from 40 last year to 31.

Odaily News According to the report on virtual asset business operators released by the Financial Intelligence Unit (FIU) under the Financial Services Commission of South Korea on the 7th, the number of virtual asset operators (VASPs) in the country has decreased from about 40 last year to 31. Previously, a total of 42 companies were registered, but in this announcement, 11 companies were excluded from the list of companies.
This is interpreted as companies that have not submitted renewal reports will be excluded from the list of operators after the renewal of virtual asset operators expires. In particular, since last year, exchanges such as CoinMarket have closed down one after another due to operational difficulties, but because their licenses have been maintained for a certain period of time, they remain on the official list of companies. However, since the unrenewed businesses have been cleared, the number of businesses actually operating seems to have been reflected in this announcement. (MTN)