The Korean Financial Supervisory Authority announced the establishment of the Virtual Asset Supervision Bureau and the Virtual Asset Investigation Bu

Financial Supervisory Service of South Korea announced the establishment of a Virtual Asset Supervision Bureau and a Virtual Asset Investigation Bureau as specialized agencies responsible for virtual assets. According to the newly established agencies, the Virtual Asset Supervision Bureau will be responsible for supervising and inspecting virtual asset operators, strengthening self-regulation, and monitoring the market. The Virtual Asset Investigation Bureau will investigate unfair transactions related to virtual assets.