South Korea plans to introduce a bill covering stablecoins and exchanges
The government plans to draft a consolidated Digital Asset Basic Act, covering stablecoin issuance and circulation, digital asset business rules, and exchange entry requirements.
The proposal aims to provide a central framework for negotiations, as 10 separate digital asset and stablecoin bills are already pending in Parliament.
Key disputes remain over whether won-denominated stablecoin issuers should be majority bank-owned and whether ownership limits should apply to major crypto exchanges.
Opposition lawmakers are also pushing to repeal a 22% crypto tax due in 2027.