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The Special Committee for Political Reform in the South Korean National Assembly Has Passed a Bill That Includes Cryptocurrency in Legislators’ Private Interest Registration

According to Yonhap News Agency, the first subcommittee of the National Assembly's Political Reform Special Committee held a bill review this morning and unanimously passed a parliamentary legal amendment that requires elected members of the National Assembly to register their virtual assets with the National Assembly Ethics Committee. The amendment aims to include virtual assets in the subject of the "private interest registration" of legislators under current legal provisions to prevent potential conflicts of interest in related legislative activities. The special committee for reform will hold a plenary session later today to pass the amendment and plans to finally approve the bill at the plenary session on May 25th.

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