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South Korea Advances Digital Asset Bill Toward Formal Submission

South Korea Advances Digital Asset Bill Toward Formal Submission

Author:

Global Cryptocurrency

Published:

2026-01-28 14:47:01

24

1

BTCCSquare news:

South Korea's digital asset legislation has reached a critical juncture, with lawmakers finalizing key components of the proposed Digital Asset Basic Act. The bill establishes a regulatory framework for stablecoin operations, including a 5 billion won ($3.5 million) capital requirement for issuers—a measure approved during the task force's second plenary session.

Regulatory tensions between the Financial Services Commission and Bank of Korea temporarily stalled progress, particularly regarding stablecoin oversight. Outstanding issues include shareholding limits for major investors, which remain unresolved as the task force prepares for crucial interagency meetings ahead of next month's submission deadline.

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