Chairman of Korea FSC: Will accelerate the drafting of the second phase of the cryptocurrency bill

ChainCatcher news, according to Yonhap News Agency, South Korean financial authorities will accelerate the drafting process of the second phase of the virtual asset bill, which will involve issues such as corporate regulation and token circulation disclosure.

Chairman of the Financial Services Commission (FSC) Kim Byung-hwan stated at a parliamentary meeting that with recent actions by the Trump administration in the United States, the global cryptocurrency regulatory landscape is expected to change rapidly. He emphasized that South Korea needs to keep pace with these global developments.