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Report: South Korean National Assembly to Pass Digital Asset Law in April

The South Korean National Assembly is expected to pass its digital asset market regulation bill in April, according to reports. The passage of the bill by the Political Affairs Committee has raised hopes that legislators will finally pass the law after several failed attempts. Rep. Kim Hee-gon suggested that opposition and ruling party members had narrowed their differences. Analysts claimed that 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 said to have discussed the previous 18 bills relating to virtual assets.

(By Terence Zimwara)

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