South Korea's digital asset bill hearing may slip to November
- —Hearing on the Digital Asset Basic Act remains unscheduled, debate may slip past November
- —Parliamentary audits from Oct. 6 for about three weeks are slowing the process
- —Key issues: won stablecoin issuers and oversight, cap on exchange majority shareholders
- —From January 2026 crypto income above 2.5 million won is taxed at 22%
Why it matters: The delay leaves Korean exchanges and won stablecoin issuers in limbo, while the crypto income tax takes effect in January.
Source: Bloomingbit