Regulation
Korea's Digital Asset Basic Act Lands This Month
Table of Contents South Korea's Financial Services Commission is in final consultations to unveil its Digital Asset Basic Act this month, with the bill covering who may issue and distribute won-pegged stablecoins, how exchanges are licensed and who may own them, Seoul Economic Daily reported . A senior regulatory official told the paper the commission is preparing to have the bill introduced within the month and that little has changed from the authorities' earlier draft. The bill is a wide sector law. It covers the issuance and distribution of stablecoins, requirements for virtual asset service providers and rules for exchanges,...
www.blockhead.co5 min read
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