South Korea’s Digital Asset Innovation Act legislative process delayed again
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最新报道：According to a report from Bijie.com on July 15, Digital Times reported that the legislative process of South Korea's "Digital Asset Innovation Act" has been postponed again. The bill was originally scheduled to be submitted this month, but due to disagreements between financial regulators and the industry, it was forced to be postponed for 1-2 months. The bill aims to establish legal definitions of digital assets and Korean won stablecoins and build an industry regulatory framework. It is considered a basic law in the field of digital assets in South Korea. At present, South Korea has only passed the "Virtual Asset User Protection Act" in 2023, which focuses on investor protection, and the basic legislation covering the entire industry chain such as issuance and circulation has been missing for a long time. Although President Lee Jae-myung expressed support for the development of the digital asset industry during the campaign, regulators and the industry are still in dispute over key terms such as the division of powers of stablecoin issuers and central bank digital currencies (CBDCs). [Bijie.com]
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