South Korea2026.10.27Block Media

"Now It's Time to Enact a Basic Digital Asset Act" ... All-Out Push for a Basic Law After the Tax Deferral

• South Korea's crypto income tax is expected to be deferred, shifting policy focus to enacting a 'Digital Asset Basic Act.'
• The law would set rules for token issuance/circulation and business conduct for crypto exchanges and other operators.
• Major sticking points include who can issue won-pegged stablecoins and proposed limits on major shareholders' stakes in exchanges, with authorities discussing the issue as of October 27.