🚀 South Korea's new "Virtual Asset User Protection Act" is here to save the day! Effective July 19, VASPs must now insure against hacks, separate user assets from their own, and keep deposits safe in banks. 🏦

VASPs also need to stay vigilant against money laundering and report any shady activities. While some fear mass token delistings, DAXA says it's unlikely. Plus, the ruling party wants to delay crypto trading taxes due to bad vibes. 🌐

What do you think? Will these regs boost trust or cause chaos? Drop your thoughts below! 👇