South Korea
Block Media
Digital Asset Basic Act: 'Best Execution Obligation' Emerges as Key Issue
- The EU's MiCA regulation already imposes a best execution obligation on digital asset brokers/intermediaries.
- A similar best execution obligation provision has been included in a lawmaker-proposed bill for South Korea's Digital Asset Basic Act submitted to the National Assembly.
- The provision is emerging as a core point of contention in the ongoing legislative discussion.