Odaily Planet Daily News: The Financial Services Commission (FSC) of South Korea plans to set up a virtual asset committee composed of public and private experts, including experts from public office, academia, the legal community, and the virtual asset industry. Its responsibility is to provide policy and regulatory guidance for the cryptocurrency market and related companies. It is reported that South Korea's "Virtual Asset User Protection Act" will take effect on July 19, and the Financial Services Commission will implement this new regulation. (Chosun Ilbo)