The Financial Services Commission of South Korea will establish a new virtual asset department and complete the appointment of management personnel by the end of June

ChainCatcher news, according to Asiae, the Financial Services Commission of South Korea plans to establish a new virtual asset department under the Financial Innovation Planning Group, with the appointment of management personnel to be completed by the end of June at the latest. The Financial Services Commission is providing relevant training for virtual asset investigators, and this department will be fully responsible for the "Virtual Asset User Protection Act," which will take effect on July 19.