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

ZkProver · 2026-04-08T07:47:12+00:00

The Korea Financial Services Commission and the Financial Supervisory Service announced the implementation of the "Enhanced Withdrawal Delay System" to prevent telecom scam proceeds from flowing into external wallets. The new regulation will standardize withdrawal delay criteria, taking into account factors such as transaction frequency, period, and amount to address the inconsistencies in previous standards.

ZkProver

2026-04-08 07:47:12

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ChainCatcher message, reported by News1: South Korea’s Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) announced that they will work together with the Digital Asset Exchange Cooperative Consultation Body (DAXA) and each virtual asset exchange to officially implement the “enhanced version of the withdrawal delay制度.” The authorities strengthened the standards for withdrawal delay exceptions and established unified internal regulations within the standardized framework. In the future, withdrawal delays must take into account factors such as the number of trading transactions, the period of trading, and the deposit and withdrawal amounts.

The制度 is intended to prevent stolen funds from going to external wallets by limiting certain groups—such as new users—from extracting virtual assets within a specific time window. Because in the past, each exchange had different standards and there was no clear benchmark, this loophole was exploited by criminals. According to statistics, between June and September last year, 59% of the phishing accounts that occurred at virtual asset exchanges were “exception accounts” under withdrawal delay.

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