<\/p>\n
South Korea\u2019s ruling party has finalized a Digital Asset Basic Act that tightens stablecoin rules with a \u20a95b capital bar while signaling it wants to attract crypto business.<\/p>\n
<\/p>\n
South Korea\u2019s ruling Democratic Party has finalized the draft of its long-awaited \u201cDigital Asset Basic Act,\u201d tightening the screws on stablecoin issuers while signaling that the country intends to compete for crypto capital rather than repel it.<\/a>\u200b<\/p>\n According to local outlet ChosunBiz, the party\u2019s digital asset task force agreed on a legal capital requirement of 5 billion won for stablecoin firms, roughly \u20a95 billion in paid-in capital, as part of a broader framework for digital assets. Lawmakers aim to table the bill before next month, keeping it on track to be debated ahead of the Lunar New Year political reset.<\/p>\n <\/p>\n The legislation, branded the \u201cDigital Asset Basic Act,\u201d is designed to lock in rules for stablecoins, tokenized instruments, and service providers after months of regulatory infighting between the Financial Services Commission (FSC) and the Bank of Korea over how far to go in policing privately issued digital money.<\/a>\u200b<\/p>\n The task force\u2019s chair, Lee Jeong-mun, stressed that the party now wants to move from intra\u2011bureaucratic argument to coordinated policy. \u201cSoon, at the TF level, we will coordinate what has been sorted out regarding the issues with the party\u2019s policy committee and discuss it with the government,\u201d he told reporters after the second plenary meeting.<\/a>\u200b<\/p>\n Party officials claim \u201coutstanding concerns\u201d around the bill have been resolved ahead of the Lunar New Year holiday, including contentious limits on major shareholders\u2019 stakes in key digital-asset firms. Yet the underlying dispute between the FSC and the central bank over stablecoin oversight \u201cstill remains,\u201d underscoring that the bill will not remove institutional rivalry overnight.<\/a>\u200b<\/p>\n The draft law lands as Seoul accelerates a controlled opening to digital assets. Earlier this month, authorities confirmed they will allow spot crypto exchange-traded funds, including a Bitcoin ETF, from 2026, and invited institutions to apply for licenses to issue the products. Lawmakers have also approved tokenized securities via amendments to the Capital Markets Act, enabling brokerages and other intermediaries to handle on\u2011chain representations of traditional assets.<\/a>\u200b<\/p>\n In parallel, South Korea has scrapped a ban that prevented venture capital from backing crypto firms, a move that, combined with the new bill, signals a deliberate shift toward a more explicitly pro\u2011crypto regulatory environment.<\/p>\n <\/p><\/div>\n","protected":false},"excerpt":{"rendered":" South Korea\u2019s ruling party has finalized a Digital Asset Basic Act that tightens stablecoin rules with a \u20a95b capital bar while signaling it wants to attract crypto business. Summary The…<\/p>\n","protected":false},"author":1,"featured_media":8120,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20826","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=20826"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20826\/revisions"}],"predecessor-version":[{"id":20827,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20826\/revisions\/20827"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8120"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=20826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=20826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=20826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Core provisions and political timing<\/h2>\n
Internal tensions, now managed \u2013 on paper<\/h2>\n
Part of a broader crypto-opening<\/h2>\n