KODA Upgrades Security to Meet South Korea’s New Crypto Regulations

Korea Digital Asset (KODA), a leading provider of institutional crypto custody, is strengthening its compliance measures ahead of the implementation of new regulations in South Korea. The upgrade comes as the country’s Virtual Asset User Protection Act prepares to take effect on July 19th, requiring digital asset service providers to implement stricter controls and enhance customer verification protocols. KODA has chosen Octasolution’s AML-Prism system to bolster its risk management capabilities. This move reflects a growing demand for compliant solutions within the industry and aims to ensure secure handling of cryptocurrencies.