South Korea’s Financial Services Commission has set November for a National Assembly subcommittee review of the Digital Asset Framework Act, rejecting claims that work on the country’s second stage crypto legislation has been delayed.
Summary
- South Korea’s FSC expects the Digital Asset Framework Act to reach a National Assembly bill review subcommittee in November.
- The regulator rejected claims of delays and said its draft and lawmakers’ proposals share the same direction on digital asset issuance and distribution.
- Stablecoin regulation remains central to the framework as lawmakers seek to complete South Korea’s second stage crypto legislation within 2026.