The Financial Services Commission in South Korea is focused on completing preparations for the second phase of virtual asset legislation before the September session of the National Assembly. This includes the proposed ‘Basic Law’, which is crucial for structured discussions on the future of virtual asset regulations.
Chairman Kim Byung-hwan confirmed the completion timeline in response to parliamentary inquiries. By ensuring readiness for discussion in the upcoming assembly, the commission aims to facilitate a comprehensive dialogue surrounding the evolving landscape of virtual assets and their regulations.
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