South Korea2026.11.02Digital Asset

FSC: "Pushing Swiftly for a Basic Digital Asset Act... Also Reviewing Revisions to the Electronic Financial Transactions Act"

• FSC official Seo Na-yun said the agency is doing its utmost to push the basic digital asset act through the legislative process as quickly as possible.
• The forthcoming basic digital asset act is expected to include a regulatory framework for stablecoins.
• The FSC is also reviewing revisions to existing financial laws, such as the Electronic Financial Transactions Act, to govern stablecoins' actual use in payments and circulation.