South Korea moves to cut blockchain uncertainty with common rules and support

  • South Korea is reviewing laws and systems to reduce blockchain industry regulatory uncertainty.
  • Ministry of Science and ICT is studying digital-asset legislation and research support programs.
  • Financial Services Commission is seeking shared definitions and sector-specific reforms for blockchain-AI finance.

South Korea is reviewing laws and administrative systems to reduce regulatory uncertainty that officials say is hindering investment and growth in the blockchain industry. The Ministry of Science and ICT is studying digital-asset promotion legislation that reflects difficulties raised by companies, alongside research and development and non-research support. The Financial Services Commission is seeking common definitions and regulatory consistency across ministries while pursuing deregulation and sector-specific reforms to support blockchain-AI financial services. Officials discussed the measures at a Sept. 11 National Assembly forum hosted by the Korea Blockchain Industry Promotion Association. The science ministry said clearer rules are needed for distributed-ledger and decentralized identity projects, while the commission highlighted data consent, network separation and sector-specific financial rules as barriers that must be reviewed.

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