The Korea Financial Commission amended the Fraud Act to include encrypted assets in the payment of damages

On 16 July, the Korea Finance Commission published a revised draft of the Regulations for the Implementation of the Special Act for the Prevention of Telecommunication Financial Fraud and the Return of Suffered Funds, which envisages the inclusion of telephone fraud funds transferred to encrypted assets in the scope of compensation for damages and the clarification of the criteria for the return and valuation of encrypted assets, which is expected to enter into force on 1 October。