According to Chosun Ilbo, South Korean financial authorities will begin research on the second phase of virtual asset legislation as early as this month. Relevant research will include solutions to conflicts of interest in the issuance and circulation of virtual assets, disciplinary systems for stable coins, disciplinary systems for the virtual asset evaluation industry and consulting industry, and unified standards for virtual asset circulation and issuance volume, etc.
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South Korea’s financial authorities may begin the second phase of legislative research on virtual assets as early as this month
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