Regulatory Alerts2024-10-31 | 83306KoFIU Unveils H1 2024 Survey Result on Virtual Asset Service Providers
The Korea Financial Intelligence Unit (KoFIU) released survey results covering 21 registered virtual asset service providers for the period of January to June 2024. The report indicates significant growth in the domestic market, with average daily trading volume up 67% and total operating profits increasing by 106% compared to the previous six months. Conversely, the number of listed virtual assets declined due to business closures, while external asset transfers surged by 96% and overall VASP employment fell by 5%.
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