PANews reported on January 22 that according to News1, Kim Byung-hwan, chairman of the Financial Services Commission of South Korea, said regarding allowing legal entities to invest in virtual assets: "The content of legal entity accounts was omitted from the press release issued by the Virtual Assets Committee (meeting) last week. Therefore, some people speculated whether it would not be promoted, but this is not the case. Since the committee has discussed the relevant content before, we will determine our position and announce it as soon as possible." He also said that a separate regulatory system will be established for stablecoins. Regarding the sanctions on Upbit, he said that he would consider the possible impact on users. He said: "Users may be affected or feel uneasy, and I think it is necessary to reach a conclusion as soon as possible."