South Korea's FSC to make virtual asset division a permanent unit

South Korea's Financial Services Commission (FSC) plans to convert its Virtual Asset Division from a temporary to a permanent organization, News1 reported. The Virtual Asset Inspection Division, housed within the Financial Intelligence Unit (FIU), will also be made a permanent entity. The FSC announced the move on Dec. 16 via a legislative notice in the official gazette, detailing a partial amendment to the enforcement rules for the commission and its affiliated agencies.