South Korea passes crypto bill: Regulates crypto to promote growth

South Koran National Assembly has passed a crypto bill that sets the foundation of crypto regulation in the country. South Korea passes a crypto bill regulating virtual currencies South Korea has decided to categorize virtual currencies as digital assets as they seek to increase crypto growth in the region. As reported by a local source, the National assembly has passed a bill to regulate crypto. The Financial Services Commission (FSC) believes that the bill would help them promote crypto growth while allowing them to keep things legal. The bill is designed to prevent illicit activities such as money laundering. The