PANews reported on October 24 that according to Money Today, the Financial Services Commission (FSC) of South Korea is actively promoting the revision of laws to strictly review the major shareholders and governance of crypto exchanges. Currently, under existing laws, including the Virtual Asset User Protection Act, the FSC lacks the statutory authority to review shareholders. In a parliamentary audit, FSC Chairman Kim Byoung-hwan stated that an amendment to the Specific Financial Transaction Information Reporting and Use Act has been submitted to provide a legal basis for the FSC to evaluate the qualifications of major shareholders.