South Korean Committee Approves Bill to Address Virtual Asset Price Manipulation

A South Korean parliamentary committee has approved a bill to classify virtual asset price manipulation as a serious crime. According to NS3.AI, the bill was passed by the Public Administration and Security Committee in a 12-to-5 vote, with 17 members present. This legislation outlines the establishment and operation of a new Serious Crimes Investigation Agency, which will assume investigative responsibilities currently managed by the public prosecutor’s office.