Wavebridge Completes Virtual Asset Service Provider Registration... "Laying the Foundation for Greater Growth"

Fintech company Wavebridge has completed its registration as a Virtual Asset Service Provider (VASP).

On the 18th, Wavebridge announced, "As of today, we have completed the registration as a Virtual Asset Service Provider with the Financial Intelligence Unit (FIU) under the Financial Services Commission. This marks the fourth registration in South Korea this year."

Wavebridge received the VASP registration certificate today, and will immediately implement anti-money laundering obligations such as the Know Your Customer (KYC) system. Additionally, the company plans to comply with related regulations such as the Virtual Asset User Protection Act and the Specific Financial Information Act, aiming to minimize regulatory risks in the virtual asset market and establish a reliable trading environment.

Oh Jong-wook, CEO of Wavebridge, stated, "Through this VASP registration, we can provide users with safer and more transparent services," adding, "This will be an important stepping stone for Wavebridge to secure sustainable growth and global competitiveness, and we promise to offer safer and more trustworthy services to our customers."

Meanwhile, Wavebridge plans to expand its business with Dolfin, a platform specialized in corporate virtual asset exchange and brokerage.