Recently, Wavebridge, a major cryptocurrency firm in South Korea, received official approval from the Korea Financial Intelligence Unit (KoFIU) to operate as a Virtual Asset Service Provider (VASP). This achievement opens new opportunities for the company's expansion domestically and globally.
KoFIU Approval and Wavebridge's Plans
With the approval to operate in South Korea, Wavebridge strengthens its influence, already existing in the USA, Singapore, and Lithuania. The company plans to acquire a CASP license by mid-2025 to comply with the MiCA regulation requirements and expand its service offerings.
Role of Dolfin Global and Dolfin Korea Platforms
Dolfin Global, a regulated platform headquartered in Lithuania, successfully serves institutional and corporate clients by offering virtual asset exchange services in compliance with anti-money laundering legislation. Dolfin Korea is planned to launch to provide safe and compliant services for Korean businesses and investors.
Wavebridge's Commitment to Innovation and Growth
Wavebridge CEO Jongwook Oh stated the company's commitment to delivering globally competitive cryptocurrency services through platforms like Dolfin Korea and Dolfin Global. With a focus on security, compliance, and innovation, Wavebridge aims to transform the cryptocurrency industry's landscape.
Founded in November 2018, Wavebridge brings together traditional finance and digital assets, offering a secure and straightforward way to access the digital asset market.
