South Korea's bill on foreign exchange rules for cryptocurrency exchanges passed in key committee.

CoinFeed reported on May 6th that, according to Digital Asset, South Korea's amended Foreign Exchange Trading Act has passed the plenary session of the National Assembly's Legislation and Judiciary Committee. This amendment expands the scope of foreign exchange trading regulation to include virtual asset service providers, including cryptocurrency exchanges. The committee passed the bill at its plenary session today, incorporating revisions recommended by expert committee members. The bill has now been submitted to the National Assembly for a final vote, which could take place as early as May 7th.