South Korea Delays Digital Asset Basic Law to 2026

TheNewsCryptoPublicado em 2025-12-31Última atualização em 2025-12-31

Resumo

South Korea has postponed the implementation of its Digital Asset Basic Law to 2026 due to regulatory disagreements, primarily between the Financial Services Commission and the Bank of Korea, over stablecoin oversight. The legislation, intended to establish a foundational crypto regulatory framework, aims to enhance investor protection through stricter rules, including no-fault liability for operators and reserve requirements for stablecoin issuers. However, disputes over enforcement authority and reserve management have stalled progress, creating uncertainty for crypto firms. The ruling party has proposed consolidating various proposals into a revised bill, with a focus on developing a Korean won-backed stablecoin to counter dollar-dominated stablecoins.

South Korea has delayed its Digital Asset Basic Law till 2026, as regulators are still divided over stablecoin oversight authority, as revealed by legislative sources. The policymakers have halted the crypto legislation as the Financial Services Commission and the Bank of Korea carry on clashing over control of stablecoin reserves and enforcement responsibilities, making regulatory uncertainty in one of Asia’s biggest crypto markets.

The Digital Asset Basic Law is made in a way to be the foundation of South Korea’s cryptocurrency regulatory framework. The legislation is focused on strengthening investor protection by putting robust and strict legal regulations on digital asset operators as per the draft bill.

The prominent offer includes the introduction of no-fault liability, making operators responsible for user losses even without determined negligence. The draft also needs stablecoin issuers to keep reserves surpassing 100% of circulating supply kept at banks or dignified institutions and different from the issuer’s balance sheet to restrict contagion risks.

Stablecoin oversight came as the major point of contention between regulators. At the same time, the authorities widely agree on the requirement of stronger supervision; they haven’t reached consensus on the basis of responsibilities for preserved rule enforcement and licensing authority.

The Non-Agreement

The non-agreement has entangled decisions over enforcement powers with the treatment of reserve assets, pushing authorities to delay the bill instead of advancing legislation having unresolved structural issues.

The delay further creates an uncertainty for crypto firms of South Korea, together with exchanges, payment providers and stablecoin issuers. If the regulatory framework is not complete, then it may affect the product launches, investment decisions, and operational planning, as said by industry observers.

The ruling party has planned to consolidate various policymaker proposals into a revised digital asset bill. The president of the Democratic Party, Lee Jae Myung, has recognised that a Korean won-supported stablecoin is a national priority, declaring it could be against the dominance of US dollar-linked stablecoins in global crypto markets, as per the statements from the presidential office.

Highlighted Crypto News Today:

Bitcoin Slides Below $90K as Spot BTC ETFs Record $780M in Outflows

Perguntas relacionadas

QWhy has South Korea delayed the implementation of its Digital Asset Basic Law until 2026?

ASouth Korea has delayed the Digital Asset Basic Law to 2026 because regulators, specifically the Financial Services Commission and the Bank of Korea, are divided over stablecoin oversight authority, including control of stablecoin reserves and enforcement responsibilities.

QWhat is the primary purpose of the Digital Asset Basic Law according to the draft bill?

AThe primary purpose of the Digital Asset Basic Law is to serve as the foundation of South Korea's cryptocurrency regulatory framework, with a focus on strengthening investor protection by imposing robust and strict legal regulations on digital asset operators.

QWhat are two key provisions included in the draft of the Digital Asset Basic Law?

ATwo key provisions are: 1) The introduction of no-fault liability, making operators responsible for user losses even without determined negligence. 2) A requirement for stablecoin issuers to keep reserves exceeding 100% of the circulating supply, held at banks or dignified institutions and kept separate from the issuer's balance sheet.

QHow does the regulatory delay impact crypto firms in South Korea?

AThe delay creates uncertainty for crypto firms, including exchanges, payment providers, and stablecoin issuers. It may affect their product launches, investment decisions, and operational planning until a complete regulatory framework is established.

QWhat national priority regarding stablecoins was recognized by the president of the Democratic Party, Lee Jae Myung?

ALee Jae Myung recognized the creation of a Korean won-supported stablecoin as a national priority, stating it could counter the dominance of US dollar-linked stablecoins in global crypto markets.

Leituras Relacionadas

Booking.com Founder Jeff Hoffman: How Web3 and AI Are Reshaping the Trillion-Dollar Social Travel Market

Booking.com co-founder Jeff Hoffman discusses how Web3 and AI are set to reshape the multitrillion-dollar social travel market. Hoffman, who co-founded Priceline and helped build Booking.com into a global giant, emphasizes that the current travel industry remains fragmented and inefficient. He argues that Web3 introduces structural disruption by enabling direct connections, transparent economics, and faster settlements, while AI powers personalization and smarter recommendations. Hoffman highlights key trends driving this shift: travelers demand flexible, authentic rewards instead of expiring points; digital and borderless payments are becoming standard; and people trust communities more than ads. He joined Staynex not for its Web3 label but because it aligns with these trends—integrating booking, rewards, AI, and payments into a seamless ecosystem. Looking ahead, Hoffman predicts travel will evolve from transactional to relational, with blockchain enabling transparent rewards and cross-border payments, and AI delivering hyper-personalized experiences. He believes the most valuable platforms will own the network around payments, loyalty, and community, making social travel one of the most underestimated opportunities in Web3.

marsbitHá 4m

Booking.com Founder Jeff Hoffman: How Web3 and AI Are Reshaping the Trillion-Dollar Social Travel Market

marsbitHá 4m

Is It Illegal for Crypto KOLs to Run Paid Communities and Sell Courses?

Summary: This article, authored by lawyer Shao Shiwei, addresses the legal risks faced by crypto Key Opinion Leaders (KOLs) who offer paid communities and courses related to cryptocurrency trading. The author explains that while there is no direct licensing system for such activities in China, authorities still reference virtual currency policies in enforcement. KOL activities are categorized into three risk levels: 1. Low-risk: Historical trend analysis and basic education without real-time guidance. 2. Medium-risk: Providing daily market analysis and ambiguous suggestions (e.g., "this position is worth watching"). 3. High-risk: Explicit trading signals, specific buy/sell points, or profit-sharing arrangements. Key legal risks include civil liability (e.g., user lawsuits over losses) and criminal charges (e.g., fraud accusations if users suffer losses). Even disclaimers like "not investment advice" may not protect KOLs, as courts focus on the实质 (substance) of the content. The article emphasizes that risk depends on whether content is perceived as operational guidance, its influence on user decisions, and payment structures. KOLs are advised to assess their specific business models carefully.

marsbitHá 27m

Is It Illegal for Crypto KOLs to Run Paid Communities and Sell Courses?

marsbitHá 27m

Cook's Curtain Call and Ternus Takes the Helm: The Disruption and Reboot of Apple's 4 Trillion Dollar Empire

Tim Cook has officially announced he will step down as CEO of Apple in September, transitioning to executive chairman after a 15-year tenure during which he grew the company’s market value from around $350 billion to nearly $4 trillion. He will be succeeded by John Ternus, a 50-year-old hardware engineering veteran who has been groomed for the role through increasing public visibility and internal responsibility. Ternus’s appointment signals a strategic shift toward hardware and engineering leadership, with Johny Srouji—head of Apple Silicon—taking on an expanded role as Chief Hardware Officer. This consolidation aims to strengthen Apple’s core technological capabilities. However, Cook’s departure highlights a significant unresolved issue: Apple’s delayed and fragmented approach to artificial intelligence. Despite early efforts, such as hiring John Giannandrea from Google in 2018, Apple’s AI initiatives—particularly around Siri—have struggled with internal restructuring and reliance on external partnerships, including with Google. The transition comes at a critical moment as Apple faces paradigm shifts with the rise of artificial general intelligence (ASI). The company’s closed ecosystem of hardware, software, and services—once a major advantage—now presents challenges in adapting to an AI-centric world where intelligence may matter more than the device itself. Ternus must quickly articulate a clear AI strategy, possibly starting at WWDC, to reassure markets and redefine Apple’s role in a new technological era. His task is not only to maintain Apple’s operational excellence but also to reinvigorate its capacity to innovate and lead in the age of AI.

marsbitHá 1h

Cook's Curtain Call and Ternus Takes the Helm: The Disruption and Reboot of Apple's 4 Trillion Dollar Empire

marsbitHá 1h

W3.io and Space and Time Collaborate to Launch Verifiable AI Finance Infrastructure

W3.io and Space and Time have partnered to launch a verifiable AI finance infrastructure designed to address the accountability gap in autonomous financial operations. The collaboration combines W3’s platform for creating and automating agent-powered financial workflows with Space and Time’s verifiable data blockchain, ensuring end-to-end proof from execution to settlement. This two-layer verification system processes over 200,000 operations daily and has been validated in production by Creatorland, a platform serving 100,000 content creators. The partnership enables businesses to deploy multi-vendor financial processes quickly and auditably, with support from integrations including Circle, Stripe, and PayPal. The system provides a trust layer for autonomous financial movements, ensuring data integrity and operational transparency beyond traditional cloud databases.

TheNewsCryptoHá 4h

W3.io and Space and Time Collaborate to Launch Verifiable AI Finance Infrastructure

TheNewsCryptoHá 4h

New York AG Sues Coinbase, Gemini Over Alleged State Law Violations

New York Attorney General Letitia James has filed a lawsuit against Coinbase and Gemini, alleging their prediction markets violate state gambling laws. The complaint argues these platforms operate as unlicensed gambling activities since outcomes rely on chance, not skill. Both companies are also accused of allowing users under 21, the legal age for mobile sports betting in New York. The suit seeks restitution for customers, repayment of illegal profits, civil penalties, and restrictions on marketing, including a ban on promoting services on college campuses. Following the news, Coinbase's stock fell roughly 10%, while Gemini's dropped about 4%.

bitcoinistHá 6h

New York AG Sues Coinbase, Gemini Over Alleged State Law Violations