South Korea's bill on foreign exchange rules for crypto exchanges passes in key committee

According to market news, an amendment to South Korea's Foreign Exchange Trading Law has passed the plenary session of the Legislative Affairs and Judicial Committee of the National Assembly. The amendment will extend the scope of supervision of foreign exchange transactions to virtual asset service providers, including cryptocurrency exchanges. The committee passed the bill at today's plenary meeting and adopted the revised opinions of professional members. The bill is now before the plenary session of Congress for a final vote, which could be held as early as May 7.