The South Korean financial authority will implement the "Specific Financial Transaction Information Reporting and Supervision Regulations" on the 27th, which clarifies the compliance system for virtual asset operators and adds organizational personnel and major shareholders to the reporting project. From the 24th of last month to the 3rd of this month, the regulatory authority has solicited relevant opinions from the virtual asset industry and related institutions through the announcement of regulatory changes, and has passed the review process. In the new regulations, the competent authorities will first report on the compliance system of laws and regulations related to virtual assets, including the Law on Specific Financial Information and the Law on the Protection of Users of Virtual Assets.