According to the announcement of the Ministry of Finance* dated June 10, 2022, the type of business “Digital Asset Depository Service Provider” is a new type of digital asset business. which comes into force from July 13, 2022 by “digital asset depository service provider” means a business that provides services or shows to the general public that it is ready to provide one or more of the following services: by acting as a normal trade and receive a fee or other compensation
(1) Depositing or keeping digital assets
(2) Manage encryption keys (Cryptographic Key) or anything else that must be kept confidential. To approve transfers or transactions related to digital assets with full or partial power
However, such service This does not include the provision of services that are part of the operation of the digital asset exchange center. digital asset broker digital asset traders or digital asset money manager or providing services in the manner prescribed in the notification of the SEC
Those who wish to operate a digital asset depository service business Must submit an application for a license with the SEC in case of digital asset depository service providers who have been in business prior to the effective date of the Ministry of Finance notification. If wishing to continue the business Must submit an application for a license with the SEC within 90 days from the effective date of the notification. Which will be due on October 11, 2022. For more information, please contact 02-263-6074 or 02-033-9552.
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