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South Korea introduces landmark crypto bill to curb US stablecoin influence
South Korea’s ruling party has moved to establish the country’s first integrated framework for digital assets as a part of President Lee Jae-myung’s pledge to support the crypto economy. On June 10, the Democratic Party submitted the Digital Asset Basic Act, a legislative proposal aimed at regulating cryptocurrencies, stablecoins, and virtual asset service providers. The bill is being led by Min Byeong-deok, a Democratic Party lawmaker and chair of the party’s Digital Asset Committee. Min helped shape President Lee’s crypto agenda during the campaign and has since taken the lead in driving the push for a ... (full story)
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