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BTCC / BTCC Square / Global Cryptocurrency /
South Korea Misses Stablecoin Bill Deadline Amid Regulatory Turmoil

South Korea Misses Stablecoin Bill Deadline Amid Regulatory Turmoil

Author:
Global Cryptocurrency
Published:
2025-12-15 19:09:01
27
1
BTCCSquare news:

South Korea's Financial Services Commission failed to meet a December 10 deadline for submitting a draft stablecoin bill, exposing tensions between financial authorities over digital asset oversight. The proposed Basic Digital Asset Act, positioned as Phase Two of the country's VIRTUAL asset legislation, remains stalled due to interagency disagreements.

The delay contradicts President Lee's campaign pledge to establish a legal framework for won-pegged stablecoins. Lawmakers had threatened independent action if the FSC missed its target, but the regulator claims additional coordination time is required. A public release of the government's position will accompany the eventual Assembly submission.

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