[South Korea Advances New Telecom Financial Anti-Fraud Regulations: Crypto Assets to Be Included in Victim Compensation Scope] According to a report by Jinse Finance, on July 16, the South Korean Financial Services Commission announced a draft amendment to the 'Special Act on the Prevention of Telecom Financial Fraud and Return of Victim Funds,' planning to include funds transferred to crypto assets in telephone fraud cases within the scope of victim compensation. The amendment also clarifies the standards for the return and valuation of crypto assets, with the relevant regulations expected to take effect on October 1. Under the new regulations, if the frozen assets are cryptocurrencies, victims will, in principle, be compensated based on the type and quantity of the assets. If the defrauded assets differ in form from the frozen assets, compensation will be made in the form of the assets that actually existed when the account was frozen. In cases involving a mix of cash and crypto assets, regulatory authorities will evaluate the crypto assets based on their market price at the time of freezing to determine the final compensation amount. The South Korean Financial Services Commission stated that clarifying the form of returned assets and the valuation point will help achieve faster and fairer compensation in complex cases involving mixed funds from multiple victims. It is reported that the public consultation period for the draft amendment will continue until August 24.