DELIO License
Delio License
Virtual Asset Business License and Security Certification
Virtual Asset Service Provider (VASP)
According to the 'Act on the Reporting and Use of Specified Financial Transaction Information (Special Provisions Act)', which entered into force on March 25, 2021, companies offering purchase, sell, exchange, store, or transfer of digital assets services in Korea are required to obtain the Virtual Asset Service Provider (VASP) license through the authorization of the Financial Intelligence Unit (FIU) of the Financial Services Commission of the Government.Delio obtained Virtual Asset Service Provider (VASP) certificate in February 2022 after going through the government's strict screening procedures where the company should meet certain requirements such as ISMS certification and qualifications of representatives and executives.The government is strengthening the management and supervision of virtual asset service providers and punishes businesses under the law if they do not meet the reporting requirements or conduct non-reporting operations. As the only virtual asset finance company providing savings/lending services amongst virtual asset providers (VASPs), including UPbit and Bithumb, Delio is supervised and guided by the government financial authorities to provide the safest services.
Money Services Business (MSB) License
Money Services Business (MSB), one of the world's most prestigious digital asset licenses, can only be acquired through strict screening procedures. It is an international digital asset standard license supervised and issued by FinCEN, an agency under the U.S. Treasury that oversees and regulates currency services such as digital asset transactions, foreign exchange, and international remittances. Like the domestic VASPs system, it is possible to operate legitimate businesses related to digital assets in the U.S. only upon acquisition, and all of the top famous platforms have acquired MSB. Delio officially acquired an MSB license in December 2021 and entered the North American market after establishing a North American branch corporation and is expanding global digital asset financial services through business cooperation with famous global companies.
ISMS Certification
The Information Protection Management System (ISMS) certification is a system that certifies whether the information protection management system (security, policy, personnel, equipment, facilities, etc.) established and operated by the company meets the Certification criteria (management, technical, physical) in order to protect the key information resources of companies affiliated with the Korea Internet & Security Agency (KISA). In other words, it can be said that it is an authentication system that improves the level of security management of a company to a certain level and creates a system that can be continuously managed. The certification review must prove that appropriate protection measures are being established and implemented for 104 control items, and certification must be obtained only when all the criteria are evaluated. In addition, after obtaining certification, the company must undergo a follow-up examination every year and undergo a renewal examination every 3 years. Delio acquired ISMS certification, which is equivalent to the level of financial companies such as banks.

Fee policy for withdrawal of virtual assets

The following fees are charged when withdrawing virtual assets from Delio Bank.

Virtual asset type Transmission fee (Gas fee) Withdrawal fee
Bitcoin (BTC) Charged according to network conditions 2,000 won worth of Bitcoin
Ethereum (ETH) Charged according to network conditions 2,000 won worth of Ethereum
Ripple (XRP) Charged according to network conditions 1 XRP

· There is no fee for transfers within Delio Bank.

· No withdrawal fee is charged for virtual assets other than Bitcoin, Ethereum, and Ripple.

· Please check the transfer fee for virtual assets other than Bitcoin, Ethereum, and Ripple when withdrawing.