It was reported that the Korean National Assembly, which has failed several times in the past, is expected to pass digital asset market regulations in April. Political Affairs Committee Subcommittee 1 member Kim Hee-gon said that this prospect has strengthened because members have agreed to narrow their differences
narrowing differences between politicians
The country’s National Assembly is expected to pass a bill regulating the digital asset market, according to South Korean media reports. According to the same reports, the passage of the bill by the legislative body’s political affairs committee has raised hopes that South Korea’s legislature will finally pass the law, which has failed many times.
In South Korea, a law governing digital assets is expected to finally be passed after Kim Hee-gon, a member of the first subcommittee of the Political Affairs Committee, said that opposition and ruling party lawmakers had narrowed their differences.
“On March 28, Higon reportedly said that the first subcommittee had sorted out the issues in the bill and narrowed the differences between the members, so the bill is expected to be passed in April.”
However, he suggested that a “process of revising details” may be necessary after the bill is passed.
Meanwhile, analysts quoted in the Korean press claimed that the atmosphere created by the collapse of Terraform Labs underscored to lawmakers the importance of enacting legislation governing the digital asset industry. Besides the latest bill, South Korean lawmakers are said to have debated the past 18 bills related to virtual assets.
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