Ahead of the enforcement of the revised Telecommunication Fraud Damage Refund Act on October 1, the Digital Asset eXchange Alliance (DAXA) informed the industry about preparations and practical considerations, Asia Economy reported. DAXA announced on the 29th that it held a policy and practical discussion session on the revised Telecommunication Fraud Damage Refund Act for non-KRW virtual asset exchanges that only support coin-to-coin transactions at Dream Plus Gangnam in Gangnam-gu, Seoul on the 28th. The core of the revision is to expand the scope of voice phishing damage refunds, which was previously limited to monetary funds, to include virtual assets.
