South Korea Proposes Comprehensive Digital Asset Basic Law
- The Democratic Party plans to submit the Digital Asset Basic Law by February 17, 2026.
- Stablecoin issuers will be required to maintain a minimum capital of $3.5 million.
- A new Virtual Asset Committee will be formed to address hacking and market disruptions.
- South Korea is lifting its nine-year ban on corporate cryptocurrency investments with a cap of up to 5% of equity capital.
- Regulators are reviewing the “one crypto exchange – one bank” rule for increased financial flexibility.
These legislative moves signify South Korea’s intent to create a structured framework for digital assets, enhancing regulatory oversight while promoting market participation from corporations and investors alike.
The proposed law’s requirement for stablecoin issuers to hold $3.5 million in capital reflects a commitment to financial stability in the evolving cryptocurrency landscape. (Source)
