Svmuu News: South Korea’s Financial Services Commission has released a draft amendment to the “Enforcement Decree of the Special Act on the Prevention of Telecommunications Financial Fraud and the Return of Stolen Funds,” which plans to include funds from telephone fraud that have been transferred to crypto assets within the scope of victim compensation and to clarify the standards for the return and valuation of crypto assets. The relevant regulations are expected to take effect on October 1. Under the new regulations, if the frozen assets are cryptocurrencies, victims will, in principle, receive restitution based on the type and quantity of the assets; if the defrauded assets differ in form from the frozen assets, compensation will be provided in the form of the assets actually held in the account at the time of freezing. In cases where cash and crypto assets are mixed, regulatory authorities will value the crypto assets based on market prices at the time of freezing to determine the final compensation amount. The public comment period for the draft amendment will continue until August 24.