According to PANews, Park Sang-hyuk, a member of the Democratic Party of South Korea, proposed to amend the Virtual Asset User Protection Act. This amendment aims to protect the cryptocurrencies held by investors when an exchange goes bankrupt, prevent virtual assets from being used to pay off debts or be confiscated, and ensure that these assets are returned to users first. The current law has been criticized for potentially preventing users from recovering their cryptocurrencies when an exchange goes bankrupt.