South Korea’s Democratic Party submits first stablecoin-specific bill
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最新报道：According to the report of Bijie.com, according to the Chosun Ilbo, South Korean Democratic Party member Andu-jae will formally submit the draft of the "Law on the Issuance and Circulation of Value-stable Digital Assets" today. This is South Korea's first systematic legislative proposal for the entire process of issuance, circulation and supervision of won-denominated stablecoins. It is more specific than the stablecoin clauses involved in the "Basic Law on Digital Assets" proposed by Min Bingde last month. It is worth noting that Kim Eun-hye, a member of the ruling National Power Party, was also disclosed by the "Daily Economic News" that she will submit a similar bill this week, forming a two-party legislative race. The special bill first proposed by the Democratic Party this time marks that the construction of the regulatory framework for stablecoins by the Korean legislature has entered the substantive operation stage, which may lay a legal foundation for the subsequent compliant issuance of won stablecoins.
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