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South Korea's Ruling Party Plans to Introduce Digital Asset Basic Law in September

Regulation & Policy

2026-07-17 12:39:33

According to lawmakers from South Korea's ruling Democratic Party, the party will restart its Digital Assets Special Working Group and propose the Digital Asset Basic Law in September, with a goal to complete legislation by year-end. Park Min-kyue, a Democratic Party lawmaker, stated the bill's content and submission timing will be coordinated among the National Assembly, the presidential office, and relevant departments, with discussions potentially starting in early September. The law aims to clarify stablecoin issuance entities and establish supporting systems covering market structure, security, and regulatory frameworks tailored to South Korea's financial environment.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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