South Korea2026.10.02Digital Asset

"DeFi and OTC Crypto Services Need Access and Transaction Restrictions" [FSC/KIF Research Report Series, Part 3]

• The Korea Institute of Finance (KIF) submitted the report to the Financial Services Commission (FSC) at the end of last year, covering Phase 2 legislation and stablecoin-related AML system improvements.
• The report recommends classifying DeFi and OTC support service providers as unlicensed operators and imposing access and transaction restriction measures on them.
• Rather than naming decentralized/OTC support providers as direct regulatory targets, the report urges broadly interpreting the definition of AML/CFT-regulated "virtual asset business" to bring them into scope.