According to E-Daily, the Financial Intelligence Unit (FIU) of the Financial Services Commission plans to meet with virtual asset exchanges after the legislative notice period for the amendment to the Enforcement Decree of the Act on Reporting and Use of Specific Financial Transaction Information (Special Act) and the amendment to the Regulations on Reporting and Supervision of Specific Financial Transaction Information ends on the 11th. The purpose is to discuss related matters and gather opinions to resolve industry concerns about excessive regulation and seek acceptable regulatory measures. The FIU announced the legislative notice for the amendment to the Special Act Enforcement Decree and the proposed change to the supervisory regulations on March 30. The amendment includes provisions such as reporting all transactions over 10 million won as suspicious transactions to the FIU if a domestic operator conducts transfer transactions with overseas operators and individual wallets.
