The ruling party in South Korea finalizes the "Digital Asset Basic Law," with stablecoin issuers required to have a minimum capital of approximately $3.5 million.

GateNews

2026-01-28 09:43:16

PANews January 28 News, according to South Korean media reports, the ruling Democratic Party of Korea has finalized the bill aimed at regulating the virtual asset market, titled the “Digital Asset Basic Act,” and plans to submit it before the New Year holiday (Lunar New Year in Korea). They also agreed to set the minimum statutory capital requirement for stablecoin issuers at 5 billion KRW (approximately $3.5 million). However, sensitive issues such as the scope of the Bank of Korea’s authority and restrictions on major shareholders’ holdings will be finalized after further coordination with the policy committee.

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