
Lawmaker Min Byung-duk pushes to speed up digital asset bill and won stablecoin rules
- —Min: "speed matters more than a 100-point bill"
- —Government draft has been delayed for over a year
- —FSC has delivered its proposal to the presidential office
- —Subcommittee review is expected in November
Why it matters: Faster passage of the basic law will set rules for won stablecoin issuance and foreign stablecoin access to Korea's market.
Source: Blockmedia
More on this
Regulation · 21:53SEC and CFTC draw the DeFi line: control, not branding, decides regulation
Regulation · 21:51CLARITY Act failure hits Coinbase, Circle and Strategy as shares fall 5–10%
Regulation · 19:00South Korea approves blockchain payment pilot for government spending with six banks