South Korea Advances Digital Asset Basic Act With Bank-Led Stablecoin Issuer Requirement

South Korea’s government and National Assembly are developing second-phase digital asset legislation titled the “Digital Asset Basic Act.” The government proposes to restrict stablecoin issuers to consortiums holding at least 51% bank ownership. The Democratic Party’s Digital Asset Special Task Force has confirmed this approach. The Democratic Party and the Financial Services Commission conducted a […] Read The Full Article South Korea Advances Digital Asset Basic Act With Bank-Led Stablecoin Issuer Requirement On Coin Edition.