May 12
South Korea’s Parties Pledge to Fast-Track Digital Asset Law After Local Elections, Call Stablecoin Push Urgent
National Assembly Stablecoin Seminar Rival parties say Digital Asset Basic Act should advance immediately after local elections Tether says a won stab
➤ South Korean political parties are prioritizing the swift passage of the Digital Asset Basic Act and the development of won-denominated stablecoins. ➤ Experts suggest a won stablecoin could significantly boost the South Korean economy and its cultural exports by connecting them with global capital. ➤ The article advocates for a regulatory approach similar to the UK's, focusing on risk-based frameworks rather than a one-size-fits-all EU model.