2025.04.11
First Crypto Industry Law Set to Launch in Korea: Stablecoin Issuance to Require Licensing
South Korea is set to introduce the Digital Asset Basic Act, marking the first major legislation in its second phase of crypto regulation. The bill would require stablecoin issuers to obtain prior approval from the Financial Services Commission, while other virtual assets would need only pre-issuance reporting. This shift signals a move toward a comprehensive regulatory framework covering the full lifecycle of digital assets.
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