South Korean virtual asset service providers will face new regulations! Starting next year, companies including Upbit, Bithumb and Coinone will have to pay regulatory fees. The decision stems from the amendment to the Financial Services Commission Establishment Act approved by the State Council on December 3. Regulatory fees will be calculated based on operating income, similar to the practice of financial institutions such as banks and insurance companies. These fees will be used to support the inspection and supervision services of the Financial Services Commission. This move may have a certain impact on South Korea's crypto market, but the specific impact remains to be seen. 📊💼