Lee Bok-hyun: "Will Support Preparation of Second Phase Legislation for Virtual Assets with Global Comprehensiveness"
Uk Jin
Summary
- Financial authorities reported they are focusing on establishing a regulatory framework for the development of the virtual asset market.
- Financial Supervisory Service Governor Lee Bok-hyun announced that he will support the preparation of second-phase legislation with global comprehensiveness.
- The government announced it will improve the regulatory framework for the sound development of the virtual asset market.

Financial authorities have announced plans to focus on establishing a regulatory framework for the development of the virtual asset (cryptocurrency) market.
At the plenary session of the National Assembly's Political Affairs Committee on the 18th, Financial Supervisory Service Governor Lee Bok-hyun stated, "To support the sound development of the virtual asset market, we will assist in preparing second-phase legislation with global comprehensiveness and improve the regulatory framework."

Uk Jin
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