The finalized draft sets strict ₩5 billion capital requirements for stablecoin issuers while aiming to position South Korea as a hub for crypto business.
South Korea’s ruling Democratic Party has finalized the draft of its Digital Asset Basic Act, establishing a ₩5 billion (about $3.8 million) capital requirement for stablecoin issuers and reinforcing oversight through a multi-agency council led by the Financial Services Commission. The measure reflects both tighter regulatory control and an effort to attract digital asset enterprises to South Korea, signaling a dual focus on financial stability and industry growth.