Wu said that 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 resolved by strengthening corporate self-discipline. The Virtual Assets Law came into effect in July this year, mainly stipulating the obligations of virtual asset service providers and the supervision of unfair trading practices to protect user assets.