Kim So-young, Vice Chair of the Financial Services Commission, said, 'We will finalize the policy review focusing on the issue of allowing real-name accounts for corporations that are garnering significant interest in the market through the Virtual Asset Committee.'
On that day, Vice Chair Kim noted during her congratulatory remarks at the '2025 Virtual Asset Conference' hosted by CHOSUNBIZ at the Westin Chosun Hotel in Seoul, 'We will establish a reasonable institutional framework so that the virtual asset market can grow responsibly and users can be adequately protected.'
Kim mentioned, 'Since the 'Virtual Asset User Protection Act' was implemented last year, user protection regulations, such as safeguarding deposits and regulating unfair transaction practices, have been prioritized.' She also said, 'Additionally, yesterday (15th), we held the second meeting of the advisory body, the Virtual Asset Committee, and have officially begun legislative discussions on the stages of the Virtual Asset User Protection Act.'
She continued, 'The direction for the second stage of legislative promotion is based on a comprehensive and systematic approach that encompasses businesses, markets, and users.' She added, 'We will organize the regulation of the virtual asset market in a direction similar to the European Union's Markets in Crypto-Assets (MiCA) legislation, comprehensively regulating ▲ virtual asset businesses ▲ virtual asset transactions ▲ related infrastructures within a single law.'
Kim emphasized, 'At this point, the most important thing is to sufficiently protect virtual asset users and establish a transparent and trustworthy market.' She stated, 'I will also spare no effort in supporting the smooth establishment of the Virtual Asset Law in the market.'
Kim stated, 'The government will create a reasonable institutional framework so that the virtual asset market can grow responsibly and users can be adequately protected.' She added, 'Taking into account the transnational nature of virtual assets, we will continue to cooperate with international organizations and major countries to ensure consistency in global regulations.'