South Korea finalizes draft of Digital Asset Bill
South Korea’s ruling party has finalized a Digital Asset Basic Act that tightens stablecoin rules with a ₩5b capital bar while signaling it wants to attract crypto business.
Summary
- The Democratic Party’s draft Digital Asset Basic Act sets about ₩5b in paid-in capital for stablecoin issuers and clarifies rules for tokenized products and service providers.
- The bill aims to calm a turf fight between the FSC and Bank of Korea over who polices stablecoins, though lawmakers admit the oversight dispute “still remains” beneath the surface.
- Seoul is pairing the law with a broader opening that includes spot Bitcoin ETFs from 2026, tokenized securities rules and looser…
