Starting next year, virtual asset service providers in South Korea, including Dunamu (Upbit), Bithumb and Coinone, will be required to pay regulatory fees, Golden Finance reported. The decision came after the State Council approved the amendment to the executive order of the Financial Services Commission (FSC) Establishment Act on December 3. Regulatory fees are calculated based on operating income and paid by financial institutions such as banks, investment companies, and insurance companies to cover the FSC's inspection and supervision services.