South Korean government council to discuss amendments to the Basic Law on Digital Assets on November 15

According to CoinDesk Korea, South Korea’s political committee will hold its first bill review group meeting on Nov. 15 to discuss amendments to the Electronic Financial Transactions Act and the Digital Assets Basic Act. The bill prioritizes the protection of user assets and defines unfair trading practices, such as the use of undisclosed information, market price manipulation, or self-issued digital asset transactions, which can lead to property confiscation or additional expropriation. Additionally, the proposed bill imposes a duty on virtual asset operators to self-monitor and report at all times so that they can self-regulate the industry.

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