Regulation
Yoo Dong-soo Says Government’s Digital Asset Basic Act Proposal Will Be Released Soon Amid Delay Concerns
PiCK Summary Rep. Yoo Dong-soo said he is aware of industry concerns over delays to the Digital Asset Basic Act and expects the government’s proposal to be released soon. The bill is intended to establish a regulatory framework for the broader digital-asset industry , including the issuance and distribution of stablecoins , and he said balancing financial stability with industry development will be key. Yoo said South Korea needs to move quickly to establish a legal framework for won-based stablecoins and build the institutional foundation needed to protect monetary sovereignty and strengthen the competitiveness of the domestic digital-finance industry ....
bloomingbit3 min read
