Financial Supervisory Service Governor: "Real-time synchronization of virtual asset ledgers and balances is necessary" Reference Article - Financial Supervisory Service Governor Lee Chan-jin pointed that virtual asset exchanges need "real-time synchronization" of their ledgers and actual balances in relation to the Bithumb BTC mispayment incident. - Upbit currently synchronizes ledgers and wallet balances every five minutes. → Regarding this, the Financial Supervisory Service Governor stated: "Even five minutes is too long. Real-time is the correct approach." * Additional Points - If actual balances and ledgers do not immediately match, a major incident can occur. - Gaps in internal systems and security exist between exchanges. - However, supervision is inadequate. There is agreement that exchanges should be regulated at the same level as financial companies. However, the current User Protection Act lacks clear internal control and risk management standards, and thus relies on a self-regulatory system. He stated that real-time synchronization and mandatory internal control regulations will need to be supplemented in the upcoming Phase 2 digital asset legislation.