The Financial Commission of Korea has made it clear that it will actively support the second-phase legislation on virtual assets. Kim Sung-jin, head of the virtual assets section of the Financial Commission, said that the policy direction of the United States will become an important reference for South Korea's virtual asset legislation, and pointed out that a strategic approach is needed in the field of security tokens and central bank digital currencies (CBDC) to accelerate the revision of relevant bills such as the capital markets law in the National Assembly.
The South Korean authorities plan to focus on the business practices and qualification conditions of virtual asset service providers in the second phase of virtual asset legislation.
The South Korean National Assembly also sees digital asset legislation as an urgent task. Members of the National Assembly's Administrative Committee said that digital assets are expected to create a new financial order and bring opportunities and challenges to the South Korean economy.
The Korean Financial Commission supports the second phase of legislation on virtual assets, which will focus on the business practices and qualification conditions of service providers
2024-09-20 15:31:27
South Korea Finance Commission Ming Confirm Positive Support Virtual Asset Phase IIdesk3cryptocurrencydesktopCrypto News
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