Min Byoung-dug says South Korea stablecoin bill may pass this year

  • Min Byoung-dug said South Korea’s stablecoin-related digital asset legislation should advance this year.
  • This year is the target for completing most parts of the second-phase legislation.
  • National Assembly discussions will address a basic digital asset law, Edaily reported.

Most stablecoin-related provisions in South Korea’s second-phase digital asset legislation are expected to be completed this year, Min Byoung-dug said at Solana Summit Korea in Seoul. The comments indicate plans to pass the bill within the year. The National Assembly is set to hold responsible discussions on a basic digital asset law that balances innovation, financial stability and user protection, Edaily reported.

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