On June 30, 2023, it was passed by Congress and will be implemented in July 2024. The bill defines virtual assets as digital assets that can be traded or transferred electronically, stipulating the rights and obligations of users and service providers. It requires virtual asset service providers to separate user funds from their own funds, maintained by banks or trust institutions, proportionately depositing funds into cold wallets, purchasing insurance or reserves to mitigate risks, and retaining transaction records for 15 years. It also regulates five types of unfair trading behaviors, including the use of undisclosed information, market manipulation, fraud, and deceptive trading.