The Financial Services Commission (FSC) of South Korea has recently released an amendment to the Special Decree on Implementing the Act on Preventing Telecommunications Financial Fraud and Returning Victim Funds, aiming to formally include crypto assets within the scope of funds to be returned to victims of telecommunications fraud. Under the amendment, when the stolen assets are crypto assets, the return entity will determine the amount based on the type and quantity of the crypto assets; if the victim’s assets involve multiple forms, the market price at the time the payment is frozen will be used as the evaluation benchmark. To address the issue that some victims are unfamiliar with trading crypto assets, the regulator will designate a specialized institution to sell the returned crypto assets and pay the victims in cash. Previously, this Special Act was published on March 31 and is scheduled to take effect on October 1. (etoday)