The Korean bill on foreign exchange rules for cryptocurrency exchanges has been passed by the key committee.

Mars Finance News, according to market sources, the South Korean “Foreign Exchange Trading Act” amendment has been approved by the full session of the National Assembly’s Legislation and Judiciary Committee. The amendment will expand the scope of foreign exchange trading regulation to include virtual asset service providers, including cryptocurrency exchanges. The committee approved the bill at today’s full session and adopted revisions from the specialist members. The bill has now been submitted to the full National Assembly for a final vote, which may be held as early as May 7.

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