Expectations are rising that talks on a basic law for digital assets will resume after South Korea’s June 3 local elections, but passage this year remains uncertain. Review depends on finalising the National Assembly’s second-half leadership and restructuring the political affairs committee. The government’s proposal is seen as a key variable and could revive disputes over exchange shareholder limits and won-based stablecoin issuance. Industry and regulators remain divided over priorities.
- South Korea's Digital Asset Framework Act faces an uncertain path to passage this year, with legislative momentum dependent on political restructuring and government proposals.
- Key disputes include exchange shareholder limits and the issuance of won-based stablecoins, with industry and regulators holding differing priorities.
- Despite domestic uncertainties, global regulatory overhauls and market infrastructure developments are pushing for the establishment of minimum market rules and investor protection in South Korea.
Topics: Legal regulatory, Jurisdictions, Blockchain usage, Securities law classification, Regulatory sandboxes pilots, Ethereum evm l 1 s
Tags: #digitalassetframeworkact #southkorea #stablecoin #tokensecurities #etfs #regulatoryuncertainty #nationalassembly #politicalaffairscommittee #exchangeshareholderlimits #marketinfrastructure
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