News list for "National Assembly of Korea"
According to Yonhap News Agency, Park Sung-hoon, a lawmaker from the National Power Party of South Korea, will propose a bill to amend the Foreign Exchange Transactions Act to include stablecoins in the scope of payment methods stipulated by law. The bill aims to amend the "Definition" part of Article 3, item 1, to combine stablecoins with government banknotes, bank notes, coins...
According to Cryptonews, the South Korean National Assembly is accelerating the review process of the Security Token Issuance Bill. Two STO-related bills submitted by lawmakers Min Byeong-deok and Kim Jae-seop have entered the discussion stage of the government committee. The newly elected Democratic President Lee Jae-myung clearly supports the legalization of STOs, which may break the legislative deadlock since December last year. The report pointed out that major South Korean securities compan...
