South Korean Financial Regulator Establishes Virtual Asset Fraud Reporting Center To Enhance Investor Protection

The South Korean financial regulator has established a virtual asset fraud reporting center to combat investment fraud related to virtual assets. The center will operate a reporting period by the end of this year and will be led by the Financial Fraud Response Team in collaboration with relevant departments.

Investors can make reports through phone or the financial regulator's official website. In cases where virtual asset fraud causes losses to investors, the regulator will issue financial consumer warnings to prevent further losses.

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