South Korea targets November review for second stage crypto legislation
- —FSC expects the Digital Asset Framework Act to reach a parliamentary subcommittee in November
- —Ten digital asset and stablecoin bills are already pending in the National Assembly
- —Regulator and lawmakers share the same direction on issuance and distribution rules
- —The Bank of Korea backs a bank-led model for won-denominated stablecoins
Why it matters: The second stage law will set stablecoin issuance and distribution rules in one of the world's largest crypto markets.
Source: crypto.news
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