[Summary of Key Issues from the National Assembly's Political Affairs Committee's Urgent Questioning of Bithumb (2/11)] Today, the National Assembly's Political Affairs Committee held a questioning session that directly addressed the overall domestic virtual asset exchange system and regulations, sparked by the Bithumb BTC mispayment incident. 1. Key Issue 1 "Real-time Balance-Ledger Linkage, Not Optional, but Essential" - Summary of Financial Supervisory Service Governor Lee Chan-jin's Remarks - Real-time alignment of actual balances and ledgers is essential for ensuring stability - Post-settlement and adjustment methods have clear limitations "Discussion is needed on whether Upbit's 5-minute interval linkage is even appropriate" → 5 minutes is too long, effectively suggesting mandatory real-time linkage 2. Key Issue 2 - Mention of Samsung Securities' "Ghost Stock" Model - Blocking inputs exceeding the total issuance amount through computerization - The position that virtual asset exchanges also require this level of system control It is important to note that this is not simply an operational error, but a problem with the system design itself. 3. Key Issue 3 - Acknowledging the limitations of current regulations - "Fully agree" that exchanges should be regulated at the same level as financial companies - However, the current Virtual Asset User Protection Act does not sufficiently stipulate internal control and risk management standards. The current structure has limitations as a self-management system. Future Directions - Announcement of "Phase 2 Legislation" for Virtual Assets - Mandatory Real-Time Balance-Ledger Linkage - Stipulation of Internal Control and Risk Management Standards - Possible Review of Exchange-Wide System + Consideration of Sanctions This Political Affairs Committee meeting is not a "Bithumb-only" incident, but rather an official signal of intent to elevate virtual asset exchanges to the level of the financial sector. Going forward, these three trends—real-time linkage, system regulation, and legalization—appear to be irreversible.