ChainCatcher news, the South Korean Financial Services Commission has clearly stated that it will actively support the second phase of virtual asset legislation. Kim Sung-jin, the head of the Virtual Asset Division of the Financial Services Commission, stated that the policy direction of the United States will serve as an important reference for South Korea's virtual asset legislation, and pointed out that a strategic approach is needed in the areas of security tokens and central bank digital currencies (CBDC) to expedite the National Assembly's discussions on the revision of related bills such as the Capital Markets Act.The South Korean authorities plan to focus on discussing the operational behaviors and qualification requirements of virtual asset service providers in the second phase of virtual asset legislation.Members of the National Assembly also believe that digital asset legislation is an urgent task. A member of the National Assembly's Policy Committee stated that digital assets are expected to create a new financial order and bring opportunities and challenges to the South Korean economy.

ChainCatcher news, according to Cryptopotato, Anton Gorelkin, the chairman of the Financial Market Committee of the State Duma of Russia, proposed that the bill to restrict cryptocurrency operations exempts cryptocurrency miners and certain pilot projects supported by the central bank. Anton Gorelkin stated that he does not support a complete ban on the circulation of cryptocurrencies in Russia.He explained that this restriction is not intended to prohibit the use of all cryptocurrencies, but rather to regulate the establishment of cryptocurrency exchange platforms within the legal framework of Russia. Anton Gorelkin also believes that the establishment of a legitimate cryptocurrency infrastructure in Russia is influenced by geopolitical realities. This requires consideration of factors related to international relations.