South Korea2026.11.05Odaily

South Korea Plans to Require Virtual Asset Service Providers to Immediately Report Security Incidents to Financial Regulators

• South Korean regulators plan to mandate that virtual asset service providers report security incidents to financial supervisory authorities immediately after they occur.
• The move is intended to strengthen oversight of cybersecurity at crypto exchanges and other virtual asset businesses operating in South Korea.
• Faster, mandatory incident reporting is meant to help regulators respond quickly and better protect investors and market integrity.