South Korea to Draft Second-Phase Digital Asset Act in 2024, Including Stablecoin Regulations and ETFs

The evidence from the provided sources strongly and consistently supports the statement. The highest-authority source, a major South Korean newspaper, explicitly reports that the digital asset legislation has stalled and directly identifies the cause as a dispute among potential issuers over a 'bank-led stablecoin plan.' Another source corroborates this, attributing a potential delay to a 'debate between bank-led control and open innovation,' which it defines as a dispute among different types of potential issuers. Several other sources confirm that the legislation, particularly its second phase involving stablecoins, is facing a significant delay. While some sources only confirm the delay without detailing the cause, no source contradicts the claim that disputes among issuers are the reason. The convergence of multiple sources on the delay, with the most authoritative ones specifying the issuer disputes as the cause, makes the statement highly probable.