[South Korea Transfers Around 40 Unregistered Virtual Asset Service Providers to Law Enforcement] According to Newsis, the Financial Intelligence Unit (FIU) of South Korea has transferred around 40 unregistered virtual asset service providers to law enforcement agencies for further action. The report highlights that these unregistered entities are not subject to South Korea's 'Virtual Asset User Protection Act' and 'Act on Reporting and Use of Specific Financial Transaction Information,' making them vulnerable to risks such as personal data breaches and hacking. They may also be used for money laundering and concealing criminal funds.