On July 26, the Joint Investigation Team for Virtual Asset Crimes was officially established, bringing together experts from seven organizations, including the Prosecutor’s Office and the Financial Supervisory Services. This team's primary objective is promptly investigating virtual asset-related crimes, such as listing misconduct, unfair trading, and activities involving delisted or investor alert-flagged virtual assets. They will address illegal practices like unauthorized listings, kickbacks, price manipulation, insider trading, tax evasion, illegal foreign exchange, concealing criminal proceeds, and money laundering. Initially, their efforts will target violations of existing laws in the virtual asset market, with the Virtual Asset User Protection Act coming into effect next July. Unlike traditional securities markets, the virtual asset market has historically lacked close monitoring, but this is expected to change as increased scrutiny is anticipated. The Financial Intelligence Unit (FIU) has emphasized the need to crack down on undeclared virtual asset service providers, so individuals engaged in activities susceptible to public exposure should exercise caution.

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