Based on Cryptonewsland, South Korea is nearing completion of its Digital Asset Act by January 2026 after lawmakers reached an agreement on a bank-led consortium model for issuing won-based stablecoins. The new act will establish clear oversight for digital assets, strengthen rules for foreign stablecoins like USDT and USDC, and align domestic regulations with global standards. Lawmakers also plan to push financial security and capital market reforms to improve investor protection and market transparency.
South Korea Near Finalizing Digital Asset Act with Won-Based Stablecoin Framework
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