Naver "Promotion of unregistered virtual asset service providers carries legal risks"

Naver stated that "promotional posts for unregistered virtual asset service providers (VASPs) carry legal risks under the Specific Financial Information Act, and therefore, blog posts are being restricted," according to a report by Digital Asset. A Naver official said on the 19th, "Since unregistered virtual asset service providers are subject to criminal penalties under the Specific Financial Information Act, and their advertisements and promotional posts also carry legal risks, Naver Blog is taking measures to restrict posts in accordance with its service operation policy." Naver's position is that this is not limited to promotional posts for unregistered VASPs, but rather that restrictions are imposed on all illegal content, and promotional posts for unregistered service providers that carry legal risks under the Specific Financial Information Act are also subject to these restrictions.