South Korea Nears Completion of Digital Asset Framework Consultations

TL;DR South Korea’s Digital Asset Framework Act is in the final stage of government consultations, but the draft has not yet been formally introduced or enacted. The planned framework is expected to cover exchange licensing, stablecoin issuance and clearer legal definitions for digital assets, while specific provisions may still change. Lawmakers are also debating whether crypto taxation should begin before the regulatory structure is established, with implementation currently scheduled for 2027. South Korea is nearing the end of government consultations on its Digital Asset Framework Act, bringing crypto regulation closer to formal introduction. During a National Assembly audit, the Financial Services Commission chairman said talks were in their final stage and pledged to move the bill quickly. The framework remains a draft under consultation, not enacted legislation.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Economy.