[The Korean Financial Services Commission Once Discussed Establishing a Mutual Fund to Improve Crypto Exchange Governance] According to Korean media reports, in order to improve the governance structure of digital asset exchanges and address monopoly issues, the Korean Financial Services Commission, while drafting the 'Guidelines for Professional Investment Companies Participating in the Virtual Asset Market,' once discussed the idea of pooling a portion of exchange profits into a mutual fund. Currently, this mutual fund concept remains at the conceptual stage, with no specific direction determined yet. Given the current market structure, the top five Korean won-based exchanges (Upbit, Bithumb, Coinone, Korbit, and GOPAX) account for over 90% of the market share, so the proposal may only apply to some top-tier exchanges.