ChainCatcher news, the first meeting of the Korean Virtual Asset Committee is scheduled for November 6, which will review the "Phase Two Virtual Asset Legislation" and provide recommendations, including the legalization of corporate virtual asset accounts and self-regulatory organizations.Chairman of the Financial Committee, Kim Byeong-hwan, stated at a press conference on October 30 that all members of the Virtual Asset Committee have been appointed and are coordinating the schedule.The committee consists of 15 members, including 6 government officials from the Financial Committee, the Ministry of Strategy and Finance, the Ministry of Justice, and the Ministry of Science and ICT, as well as 9 private members.

ChainCatcher news, a new South Korean regulatory body will be established this month, with the decision on Bitcoin ETF approvals as a key focus of its agenda. The agency is temporarily named the Virtual Assets Committee and may hold its first meeting "as early as this month."The agency will operate under the jurisdiction of the Financial Services Commission (FSC) of South Korea. Analysts say its establishment will help "accelerate discussions on issues such as the approval of Bitcoin and Ethereum spot ETFs." Industry insiders revealed that the committee will also discuss the issue of "allowing corporate investments in virtual assets."