According to Digital Asset, the Korean Financial Services Commission (FSC) is working with the Financial Supervisory Service to investigate the operations of Telegram's built-in crypto wallet in South Korea. Regulators stated that even if the operator is overseas or the crypto wallet is embedded in a messaging app, it may still be required to legally register as a Virtual Asset Service Provider (VASP) if it conducts business targeting Korean users. The authorities will assess factors such as Korean-language services, payments in Korean won, and marketing activities aimed at Korean users. If they discover operations that should have been registered but were not, they will take strict legal action. Regarding the possibility of blocking the entire Telegram app, the FSC stated that no decision has been made yet. Further consideration is needed to determine whether the wallet and messaging services are operated by the same entity and whether it is technically feasible to restrict the wallet service separately. https://www.(wublock123.com)/news/south-korea-regulator-reviews-telegram-wallet-crypto-registration-70201