South Korea Restarts Digital Asset Law Discussions With Year-End Target
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South Korea has resumed talks on the Digital Asset Basic Act after a four-month pause, with authorities targeting completion of the second-phase virtual asset law by year-end. Key sticking points are stablecoin rules and exchange ownership limits, prompting lawmakers to seek a compromise as industry participants remain cautious about regulatory impact on CEXs, DEXs, DeFi and broader crypto adoption.
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- South Korea restarts Digital Asset Basic Act talks as authorities target completion of the bill this year.
- Stablecoin rules and exchange ownership limits remain the main issues in ongoing discussions.
- Lawmakers seek a compromise on disputed provisions after months of delays in advancing the legislation.
South Korea has resumed efforts to advance its second-phase virtual asset legislation after a four-month pause in the legislative process. Financial authorities and lawmakers resumed discussions on the Digital Asset Basic Act, with the government aiming to complete the legislation within the year.
The move follows the suspension of a planned party-government consultation process in March, which delayed efforts to finalize the proposed framework. While officials are working to address remaining issues, industry participants remain cautious after previous attempts to …
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