Odaily Planet Daily News: The Financial Services Commission of South Korea announced that it will develop a regulatory system centered on investor protection in the virtual asset market. The Secretary-General of the Financial Services Commission held a meeting with officials from the fintech and blockchain industries at the Smart Work Center of Seoul Station, saying, "We will seek to balance innovation, consumer protection, and financial stability through new technologies such as blockchain. In order to allow the virtual asset market to develop based on the trust of investors, we will prioritize the development of a regulatory system centered on investor protection, improve it in accordance with international standards, and support gradual and phased parliamentary legislation." Industry stakeholders who attended the symposium on the same day proposed policy proposals aimed at promoting fintech and blockchain. The suggestions include the government's discussion on NFT copyright issues, solving various regulations that may arise when connecting NFTs and metaverses offline, and proposing reasonable restrictions and guidelines for new technologies and new businesses in the early stage. The Financial Services Commission said, "We plan to actively review the requests received from the field together with the Ministry of Science and ICT and reflect them in policies to promote fintech and blockchain." (Yonhap News Agency)