This article briefly:
• The Korean Financial Supervisory Service will implement strict supervision on virtual assets starting in July 2024.
• The FSS outlines regulations requiring exchanges to pay interest on user deposits and maintain minimum reserves.
• Insider trading rules are in place and exchanges are obliged to monitor trading and report unfair practices.

South Korea’s Financial Supervisory Service (FSS) is preparing to implement strict regulations on virtual assets to strengthen investor protection.
The FSS has published a legislative notice outlining key provisions expected to come into force in July 2024.
Korean Cryptocurrency Investors