South Korea's Financial Services Commission plans to introduce a "payment freeze" mechanism to freeze accounts suspected of manipulating virtual assets.

PANews reported on January 6 that, according to Yonhap News Agency, South Korea's Financial Services Commission is actively considering introducing a "payment suspension" system into the "Second Phase Legislation on Virtual Assets," allowing the freezing of accounts suspected of manipulating virtual assets before criminal sentencing to prevent the concealment or withdrawal of unrealized profits. This system references the freezing mechanism already applied to stock market manipulation cases in 2023 and aims to strengthen accountability and property protection for improper virtual asset transactions.