The bill regarding foreign exchange rules for cryptocurrency exchanges in South Korea has been approved by a key committee

According to market news, the amendment to South Korea's Foreign Exchange Transaction Act has been passed by the National Assembly's Legislation and Judiciary Committee. This amendment will expand the regulatory scope of foreign exchange trading to include virtual asset service providers, including cryptocurrency exchanges.

The committee passed the bill in today's plenary session and adopted the revisions suggested by professional committee members. The bill has now been submitted to the National Assembly for a final vote, which may take place as early as May 7.

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