South Korea has introduced a set of proposed regulations targeting virtual asset providers, with the primary goal of enhancing transparency and accountability within the sector. These measures are designed to bolster user protection amidst growing concerns over security and fraud in the cryptocurrency market. The proposed regulations reflect a broader global trend towards stricter oversight of digital assets, as governments worldwide grapple with the challenges posed by the rapidly evolving blockchain industry. Despite these efforts, market sentiment remains cautious, as regulatory uncertainty continues to weigh heavily on investor confidence.