Digital asset regulation remains a priority in South Korea as authorities seek clearer rules for crypto markets and taxation.
South Korea’s Financial Services Commission (FSC) is preparing comprehensive digital asset legislation that would establish new rules for stablecoins, cryptocurrency exchanges and broader crypto market activity, as the country continues to build a long-term regulatory framework for digital assets.
The proposed Digital Asset Basic Act would consolidate several cryptocurrency-related bills currently under consideration in the National Assembly. It would introduce rules covering stablecoin issuance, exchange operations, disclosures, internal controls and operational security,…
