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South Korea Finalizes Digital Asset Bill

South Korea Finalizes Digital Asset Bill

Dario Cesaro avatar
Written by Dario Cesaro
Updated over a week ago

South Korea's ruling Democratic Party has finalized the draft of its "Digital Asset Basic Act," a significant step towards regulating the country's burgeoning cryptocurrency market. The bill introduces stricter rules for stablecoin issuers, including a capital requirement of 5 billion won, while also signaling a broader embrace of digital assets.

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