The Korean financial authorities officially implement the enhanced virtual asset withdrawal delay system

金色财经_ · 2026-04-08T17:25:23+00:00

The Korea Financial Services Commission and the Financial Supervisory Service implement an "Enhanced Withdrawal Delay System," strengthening withdrawal standards to prevent telecom fraud. The new regulations consider transaction frequency and amount, aiming to close user withdrawal loopholes and ensure virtual asset security.

金色财经_

2026-04-08 17:25:23

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Golden Finance reports that on April 8, according to News1, the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) of South Korea announced that they will work together with the Digital Asset eXchange Alliance (DAXA) and virtual asset exchanges to formally implement the “enhanced version of the withdrawal delay system.” The authorities have tightened the exception criteria for withdrawal delays and developed uniform internal regulations within the scope of the applicable standards. Going forward, it will be necessary to consider factors such as the number of transactions, the period during which trading occurs, and the amounts of deposits and withdrawals.
The purpose of this system is to prevent proceeds from telecom scams from flowing to external wallets by restricting groups such as new users from extracting virtual assets within a certain period of time. Because each exchange’s standards were previously inconsistent and there was no clear benchmark, this loophole was exploited by criminals. According to statistics, between June and September last year, 59% of the scam accounts at virtual asset exchanges belonged to the “exception accounts” under the withdrawal delay system.

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