According to market sources, South Korean lawmakers plan to fully pass the Basic Law on Digital Assets by January 2026. The bill would establish a "Korean-style stablecoin" with a consortium structure in which banks hold at least 51% of the shares and technology companies can participate as minority shareholders.
Democratic Party Representative Kang Jun-hyeon set a deadline of December 10 for submitting government proposals. The lawmaker warned that if the finance department fails to complete the proposal on time, lawmakers will come up with a separate version.
South Korea's ruling party plans to pass the Basic Law on Digital Assets in January 2026
2025-12-01 09:51:10
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