PANews reported on January 16 that according to News1, the Korea Deposit Insurance Corporation (KDIC) - a Korean quasi-governmental agency aimed at protecting depositors' interests and maintaining the stability of the financial system - has established a new team specifically responsible for reviewing wealth related to cryptocurrencies. This move follows the revision of the Depositor Protection Act in October, which aims to transform the agency into an organization more focused on digitalization. The revision of the Depositor Protection Act provides a legal framework for reviewing the financial assets of virtual asset service providers (VASPs).