South Korea
Block Media
Rep. Lee Kang-il: "Korea Is About to Lose the Digital Asset Market to Overseas Rivals"... Lee Eok-won: "We Will Expedite Legislation"
- Rep. Lee Kang-il warned that Korea risks losing the digital asset market to overseas competitors due to slow regulatory progress.
- FSC Chairman Lee Eok-won said he understands the request as urging rapid introduction of the Digital Asset Basic Act and stablecoin rules.
- Lee said relevant measures have already been prepared and are now undergoing final-stage consultations, with legislation to be expedited.