🚀South Korea is gearing up for a crypto revolution! The government has approved the enforcement of the Act on the Protection of Virtual Asset Users (PVAU). This means that from July 19, the Financial Services Commission (FSC) will be on the prowl, ensuring that your virtual assets are safe and sound. 💼

The FSC will also be playing matchmaker, pairing up customers with credible financial institutions to manage their deposits. And the best part? At least 80% of customer virtual assets must be stored in cold wallets.

But wait, there's more! The FSC is also setting up a committee to develop policies on virtual assets. So, if you're a crypto enthusiast in South Korea, things are about to get a whole lot more interesting!

What are your thoughts on these new regulations? Let us know in the comments! 🎉👇