South Korean crypto forex bill passes judiciary committee, heads to final vote

A bill to apply foreign exchange regulations to South Korean virtual asset service providers, including crypto exchanges, has passed the National Assembly's Legislation and Judiciary Committee. Digital Asset reported that the committee approved the amendment to the Foreign Exchange Transactions Act during a plenary meeting today with revisions suggested by professional members. The bill now awaits a final vote in a plenary session. The earliest possible session is scheduled for tomorrow, May 7, as the ruling and opposition parties are currently discussing which bills to bring to the floor.