South Korea Custodial Wallet – Compliant Development
Launch a custodial wallet in South Korea with compliance controls mapped to FSC/FSS and Korea VASP. Block Intelligence builds production software; independent counsel handles licensing.
Compliance scope
South Korea · Custodial Wallet
Korea requires VASP registration, ISMS certification, and banking partnerships for exchanges.
| Jurisdiction | South Korea |
|---|---|
| Regulator | FSC/FSS |
| Product | Custodial Wallet |
Software
Built-in compliance controls
- Custodial key management with HSM or secure enclave options
- Multi-chain deposits, withdrawals, and balance reconciliation
- Transaction monitoring and velocity limits
- Account recovery flows with identity re-verification
- Compliance reporting and user activity audit trails
- Integrate KYC verification processes for user onboarding.
- Implement secure storage solutions for private keys and user data.
- Establish transaction monitoring systems to comply with AML regulations.
Block Intelligence provides technology development and compliance-oriented software architecture. We are not a law firm. Licensing and regulatory advice is provided by independent legal partners in each jurisdiction. Information is current as of 2026-03-01 and subject to change.
FAQ
Frequently asked questions
- What is a custodial wallet?
- A custodial wallet is a type of digital wallet where a third party holds and manages the private keys on behalf of the user.
- What compliance measures are necessary for custodial wallets?
- Custodial wallets must implement KYC/AML procedures, secure user data, and ensure transaction monitoring to comply with FSC/FSS regulations.
- How can Block Intelligence assist in developing a custodial wallet?
- Block Intelligence provides tailored software solutions that incorporate necessary compliance controls for custodial wallets in South Korea.