South Korea plans to publish a draft of its Digital Asset Basic Act this month, with a grace period favoured for the cap on exchange ownership.
The story so far: South Korea stablecoin legislation
South Korea's FSC, Bank of Korea and finance ministry are preparing legislation for won-denominated stablecoins. Yoo Dong-soo said the digital asset basic law, including stablecoin measures, would go to the National Assembly in November. South Korea now plans to publish a draft of its Digital Asset Basic Act…
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South Korea to unveil Digital Asset Basic Act draft this month
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