First Meeting of Korea Virtual Assets Commission Planned for November 6 to Review and Provide Recommendations on “Second Phase Virtual Assets Legislation”

On Oct. 30-- The first meeting of South Korea's Virtual Assets Committee is scheduled for Nov. 6, which will review and provide recommendations on “second-phase virtual assets legislation,” including the legalization of corporate virtual asset accounts and self-regulatory organizations.

Kim Byung-hwan, chairman of the Finance Committee, said at an Oct. 30 press conference that all members of the virtual assets committee have been appointed and are coordinating their schedules.

The committee has 15 members, including six government officials from the Finance Committee, Ministry of Planning and Finance, Ministry of Justice, Ministry of Science, Information and Communication Technology, and nine private members.