Delio, a South Korean crypto-finance company specializing in decentralized finance, has acquired the certification of the information security management system “ISMS” from the Korea Internet & Security Agency (KISA) and has completed the registration Virtual Asset Service Provider (VASP).
Delio, who obtained ISMS certification on the 17th, submitted the VASP application to the Financial Intelligence Unit (FIU) of South Korea. Registration was completed on time (September 24). The ISMS certificate is valid for three years, after which it must be renewed.
Delio is one of 42 companies that could receive ISMS certification and submit the application before the deadline and continue to provide crypto-related services in Korea. Of the 42 registered companies, 29 are coin exchanges while the remaining 13 are crypto-wallet or custodial companies. After the registration deadline, VASP operators who continue to operate without a license will be subject to criminal and tax penalties, including prison terms or fines.
An official from Delio said, âWe are willing to provide better service to our customers by complying with the security requirements and AML rules set by the Korean government. We hope the industry will benefit from the new licensing policies.
Delio is one of South Korea’s leading lending platforms that was recognized as the country’s number one lending platform in a recent report released by the Korean Internet and Security Agency, a Korean government agency specializing in blockchain. Delio offers a variety of ready and low interest rate products on its platform and recently exceeded $ 1.5 billion worth of Bitcoin (BTC) in total value used for combined loan and interest accounts.
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