{"id":11224,"date":"2023-03-31T13:22:25","date_gmt":"2023-03-31T13:22:25","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=11224"},"modified":"2023-03-31T13:22:26","modified_gmt":"2023-03-31T13:22:26","slug":"report-south-korean-national-assembly-to-pass-digital-asset-law-in-april","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=11224","title":{"rendered":"Report: South Korean National Assembly to Pass Digital Asset Law in April"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p><strong>After several failed attempts in the past, the South Korean National Assembly is now expected to pass its digital asset market regulation in April, a report has said. Kim Hee-gon, a member of the Political Affairs Committee\u2019s first subcommittee, said the prospects of this happening were bolstered after members agreed to narrow their differences<\/strong>.<\/p>\n<h2>Politicians Narrow Their Differences<\/h2>\n<p>According to a Korean media report, the country\u2019s National Assembly is now expected to pass the digital asset market regulation bill. As stated in the report, the passage of the bill by the legislative body\u2019s Political Affairs Committee has raised hopes that the South Korean legislators will finally pass the law after several failed attempts.<\/p>\n<p>South Korea\u2019s prospects for finally passing a law that governs digital assets were raised after Rep. Kim Hee-gon, a member of the Political Affairs Committee\u2019s first subcommittee, revealed that opposition and ruling party members had narrowed their differences.<\/p>\n<p>\u201cOn March 28th, the 1st subcommittee sorted out the issues of the bills and narrowed the differences between the members, so it is expected that the bill will be passed in April,\u201d Hee-gon reportedly said.<\/p>\n<p>The representative, however, suggested that after the bill\u2019s passage legislators may have to go \u201cthrough the process of revising the details.\u201d<\/p>\n<p>Meanwhile, analysts quoted in the Korean language report claimed the atmosphere created by the collapse of Terraform Labs highlighted to legislators the importance of having laws governing the digital asset industry. Besides the latest draft bill, South Korean lawmakers are also said to have discussed the previous 18 bills relating to virtual assets.<\/p>\n<p><em><strong>What are your thoughts on this story? Let us know what you think in the comments section below. <\/strong><\/em><\/p>\n<p>Terence Zimwara <\/p>\n<p class=\"article__body__author__info__about\">\nTerence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.<\/p>\n<p><i class=\"td-icon-font td-icon-linkedin\"\/><\/p>\n<p><i class=\"td-icon-font td-icon-twitter\"\/><\/p>\n<p><i class=\"td-icon-font td-icon-telegram\"\/><\/p>\n<p class=\"images_credits\"><em>Image Credits: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n<p><strong>Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<p>More Popular NewsIn Case You Missed It<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/report-south-korean-national-assembly-to-pass-digital-asset-law-in-april\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After several failed attempts in the past, the South Korean National Assembly is now expected to pass its digital asset market regulation in April, a report has said. Kim Hee-gon, a member of the Political Affairs Committee\u2019s first subcommittee, said the prospects of this happening were bolstered after members agreed to narrow their differences. Politicians [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[1],"tags":[],"class_list":["post-11224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-updates"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11224"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11224\/revisions"}],"predecessor-version":[{"id":11226,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11224\/revisions\/11226"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/11225"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}