According to Edaily, multiple agencies in South Korea, including the Financial Services Commission, FIU, and the central bank, are jointly reviewing Hecto Financial's proposed Circle Payments Network global remittance service. The focus is on whether it involves the Specific Financial Transaction Information Act, the Foreign Exchange Transactions Act, and whether it constitutes unregistered Virtual Asset Service Provider (VASP) activities. Hecto Financial plans to use Circle's USDC settlement network starting in July to provide global remittance services for South Korean export companies, stating that the virtual asset licensing aspects will be supported by its licensed affiliate, Hecto Wallet One. https://(wublock123.com)/news/korea-multi-agency-review-hecto-financial-usdc-cross-border-remittance-61172