According to Foresight News, according to the Chosun Ilbo, Lee Hyun-deok, director of the Virtual Asset Supervision Bureau of the Financial Supervisory Service of South Korea, said at the Seoul Fintech Week 2024 event that although the current virtual asset market has limited impact on financial stability, it is expected to continue to expand in the future. Regarding the regulatory gaps in the recently implemented Virtual Asset User Protection Act (referred to as the Virtual Asset Act), Lee Hyun-deok emphasized that it should be filled by strengthening industry self-regulation.