Foblgate, Virtual Asset Service Provider (VASP) Renewal Report Accepted
Minseung Kang
Summary
- It was reported that the domestic coin market exchange Foblgate has passed the VASP renewal review.
- Foblgate announced that it received acceptance for its VASP renewal report from the Financial Services Commission.
- Foblgate stated that it plans to promote the conversion to a KRW exchange with this renewal.
Domestic coin market exchange Foblgate has passed the renewal review for Virtual Asset Service Provider (VASP).
According to the industry on the 21st, the virtual asset exchange Foblgate received acceptance for its VASP renewal report from the Financial Intelligence Unit (FIU) of the Financial Services Commission. This is the third renewal case following Prabang and Bblock, indicating that the VASP renewal process is becoming more active.
Foblgate plans to expand its business in earnest, such as promoting the conversion to a KRW exchange, with this renewal.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
