According to local news agencies, South Korea has officially started discussions to develop the second part of the crypto regulatory framework and plans to draft legislation in the second half of this year. According to South Korean news outlet Edaily, the South Korean Financial Services Commission held a meeting on Wednesday to outline the main tasks that the upcoming bill will involve. Kim So-young, vice chairperson of the Financial Services Commission, mentioned at the meeting that the world's major economies are speeding up the development of cryptocurrency regulations to achieve investor protection and remove regulatory uncertainty.