What documents are needed to register as a virtual asset business operator?

Along with the virtual asset business operator registration form, you must prepare various documents that can prove the business operator status, executive information, and internal operating system.

First, the registration form must include basic registrant information, the location and contact information of the head office and business establishment, email and domain information, server location, real names and nationalities of the representative and executives, the type of virtual asset business to be performed, and information related to real-name verification deposit and withdrawal accounts.

For foreign business operators, the address and contact information of the domestic business establishment and the personal information of the domestic representative must also be additionally written.

Next, documents proving the business operator status are needed.

This includes articles of incorporation, business registration certificate, and certified copy of corporate registration, and especially the articles of incorporation are generally submitted with notarization.

In addition, to prove that there was a decision to perform virtual asset business, the minutes of the founders' meeting, shareholders' meeting, or board of directors must also be submitted.

For documents related to the representative and executives, a confirmation document for real-name verification is required.

In addition, there are practically important documents, including internal regulations organizing business methods such as the virtual asset handling list, a copy of the Information Security Management System (ISMS) certificate, real-name verification deposit and withdrawal account issuance confirmation, and a power of attorney in case of registration by an agent.

As such, virtual asset business operator registration is not just a simple registration procedure but a process where the substance of the business and the internal control system are comprehensively verified, so document omissions or entry errors may result in supplementation requests or examination delays.

Therefore, it is important to systematically check the preparation documents in advance and accurately prepare them with the help of an expert if necessary.