ChainCatcher news, according to News1, the Financial Supervisory Service of South Korea has announced the establishment of the "Virtual Asset Regulatory Bureau" and the "Virtual Asset Investigation Bureau," which will specifically oversee virtual assets to establish market order before the implementation of the "Virtual Asset User Protection Act" in July next year.It is reported that the Virtual Asset Regulatory Bureau is the regulatory department for virtual assets, responsible for the supervision and inspection of virtual asset operators, market monitoring, and system improvement. In addition, it plans to establish a regulatory system related to virtual assets to stabilize the market. The Virtual Asset Investigation Bureau is a department focused on combating market disruption through investigations of unfair trading practices. The key is to prevent unfair trading from disrupting market order and causing harm to users.The head of the Virtual Asset Regulatory Bureau will be Lee Hyun-deok (transliteration), the current second director of the Financial Investment Supervision Bureau. Additionally, Moon Jeong-ho (transliteration), the current head of the Accounting Supervision First Bureau, will serve as the head of the Virtual Asset Investigation Bureau.