South Korea Introduces Comprehensive #Stablecoin Licensing Framework


South Korean lawmaker Min Byeong-deok unveiled the #DigitalAsset Basic Act on Tuesday, establishing the country's first structured licensing regime for stablecoin issuers.


The proposal requires #stablecoin companies to attain over 500 million Korean won ($367,890) in owner's capital to qualify for licensing.


This regulatory push aligns with President Lee Jae-myung's campaign promise to develop a Korean won-based #stablecoin market.


The #framework aims to prevent domestic capital outflow through foreign currency-backed stablecoins while creating comprehensive oversight for the local digital asset ecosystem.


The bill builds upon South Korea's existing Virtual Asset Investor Protection Act, which took effect in July 2024.

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June 10, 2025 at 1:06 PM
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