Naver says promoting unregistered crypto firms may be illegal

Naver has stated that promotional content for unregistered Virtual Asset Service Providers (VASPs) could violate South Korea's Specific Financial Information Act and is restricting such posts on its blog platform, Digital Asset reported. A company official said on Jan. 19 that because unregistered VASPs face criminal penalties under the act, any related advertising is also potentially illegal. Naver clarified that its policy restricts all illegal content and is not limited to promotions for unregistered crypto businesses.