According to Techub News, the Chosun Ilbo reported that the Financial Services Commission of South Korea has established a virtual asset committee composed of 15 public and private experts in accordance with the Virtual Asset User Protection Act, which will be implemented on the 19th of next month. The Virtual Asset Committee is responsible for making recommendations on the virtual asset market and virtual asset business policies and systems. The committee is composed of two public officials at or above level 3 who are related to virtual asset work, legal experts, professors with professional knowledge, industry workers, consumer protection experts, and information protection experts.