According to PANews, the Financial Intelligence Unit (FIU) of South Korea's Financial Services Commission has approved the registration of Virtual Asset Service Providers (VASPs) for the first time in a year. The entities that received approval include DSRV, a virtual asset infrastructure company, and BDACS, a crypto asset custody institution. DSRV submitted its registration application in October 2023 and received approval approximately a year later. BDACS applied in February 2024 and was approved in about six months.