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Media
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Infiniteblock, completed the acceptance of Virtual Asset Service Provider(VASP) !
Infiniteblock, blockchain-based fintech startup, announced on the 9th that it has completed the acceptance of Virtual Asset Service Provider(VASP).
VASP refers to a business provider that specializes in virtual asset business, such as sale/purchase, exchange, transfer, storage/management, brokerage/mediation, etc. of virtual assets under the Act. In order to run a virtual asset business in Korea, it is necessary to complete a acceptance from the Financial Services Commission's Financial Intelligence Unit(FIU) before business.2023.08.09
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Infiniteblock Receives Support for Large-Scale Investment and Environmental Assistance from the Korea Internet Promotion Agency.
On August 1st, blockchain based fintech startup, Infiniteblock, announced that it has been selected for the 'Blockchain Company Innovation Growth Support Program.'
The program, organized by the Korea Internet Promotion Agency, aims to support large-scale investments for small and medium-sized blockchain companies with excellent technology. The support includes △investment consulting △investor matching △customized IR material preparation △demo day, and more.2023.08.01
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Infiniteblock, selected for 'NIPA blockchain consulting support program'
On the 28th, blockchain-based fintech startup, "Infiniteblock," announced that it has been selected as the final participant in the '2023 Blockchain Consulting Support Program' organized by the National IT Industry Promotion Agency.
This consulting support program, operated by the EY Korea, is designed to facilitate the growth of domestic blockchain companies, stimulate the market, and provide support for international expansion.2023.07.28
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Infiniteblock to develop 'MPC' based blockchain wallet with Korea University
Infiniteblock(CEO : Jung Gu-tae), a blockchain-based fintech startup, announced on the 11th that it had formed a consortium with Korea University’s Blockchain Security Research Center and was selected for the ‘Seoul Economic Promotion Agency (SBA) Industrial Base Innovation Biz Exchange Performance Diffusion’ support project.
2023.07.11
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Infiniteblock(CEO : Jung Gu-tae) and Korea University Blockchain Security Research Center... "Security technology joint research"
Infiniteblock(CEO : Jung Gu-tae), a blockchain-based fintech startup, announced on the 26th that it has signed a business agreement with the Korea University Blockchain Security Research Center to establish a research and development system for blockchain security technology.
2023.06.27
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Infiniteblock acquired ‘Excellent Job Invention Compensation Company’ certification
Infiniteblock(CEO : Jung Gu-tae), a blockchain-based fintech startup, announced on the 22nd that it had obtained an excellent company certification for job invention compensation.
The excellent company certification system for job invention compensation, supervised by the Korean Intellectual Property Office and the Korea Invention Promotion Association, is a system that selects and grants certification to companies that exemplaryly provide fair compensation for intellectual property, such as patents, invented by executives and employees in the course of performing their duties.2023.06.27
To provide trust and stability,
such as ISMS and ISO27001
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This is a system to prove that the series of measures and activities for information protection are in conformity with the certification standards by the Korea Internet & Security Agency or another certification institution.
- [Period of validity]
- 2023-02-15
~ 2026-02-14
- [Scope of certification]
- Operation of virtual asset custody service(preliminary certification in accordance with Article 18-2 of the public notice)
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This is an international standard for information security management system and the most authoritative international certification in the field of information protection.
- [Period of validity]
- 2023-03-02
~ 2026-03-01
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This is an international standard that evaluates and recognizes whether compliance policies and risk response systems that may occur throughout management meet international standard and are effectively operated.
- [Period of validity]
- 2023-05-17
~ 2026-05-16
FAQ
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How do I sign up for a custody service membership?
Currently, only corporate, group, and institutional customers can join and it is unavailable for individual users.
If you contact us with your information regarding service through inquiry, we will contact you as soon as possible.
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What is the CDD(Customer Due Diligence) and is it required?
In accordance with Article 5-2 of the ACT OF CERTAIN FINANCIAL TRANSACTION INFORMATION, all financial companies, including digital asset providers, must implement a CDD(Customer Due Diligence). According to the CDD(Customer Due Diligence), if the transaction is judged to be rejected or CDD(Customer Due Diligence) is not possible, the service cannot be used.
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What is the procedure for the CDD(Customer Due Diligence)?
In principle, it goes through required document submission and face-to-face verification due to the characteristics of corporate and institutional customers.
In addition, there may be additional verification requirements on a regular or irregular basis.
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What are the travel rules?
According to the ACT OF CERTAIN FINANCIAL TRANSACTION INFORMATION, it is a system that makes it mandatory to provide information related to senders and recipients with the transfer of digital assets that is applied to all digital asset providers.
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