#数字资产动态追踪 【Is the South Korean Regulatory Wind Turning? The Deeper Logic Behind Only Two Platforms Being Approved】

The data released by Korean media these days is quite interesting—by 2025, the list of newly approved virtual asset service providers (VASP) in South Korea includes only Happy Block and BioSafe, a sharp drop from last year. Even more concerning is that the approval process has lengthened to an average of 16 months, seemingly indicating that regulation is tightening step by step.

On the surface, it appears to be a tightening, but a deeper analysis reveals another layer of meaning. Industry leader Uppit recently successfully renewed its license, and sanctions against major exchanges like Korbit have also been finalized. What does this combination of actions indicate? Regulators are doing one thing: quickly clearing out uncertainties in the market and filtering out participants that do not meet standards.

From another perspective, the strict review process is actually a form of industry pruning—eliminating unreliable platforms and retaining those with real strength and compliance awareness. As market standardization improves, investor confidence will naturally return. This is the key to building a long-term growth foundation in the crypto market. In the future, an increase in compliant exchanges and improved liquidity will create even more opportunities.

History shows us that the moment regulatory frameworks shift from vague to clear is often the eve of market explosion. Let’s watch and see. 💪

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