South Korea Proposes Sweeping Crypto Reform With Digital Asset Basic Act Under New President

South Korea Proposes Sweeping Crypto Reform With Digital Asset Basic Act Under New President

Just days after President Lee Jae-myung’s inauguration, South Korea’s Democratic Party has introduced a bold new legislative package aimed at transforming the country’s digital asset landscape. The proposed Digital Asset Basic Act, formally submitted on June 10, sets out to establish a comprehensive regulatory framework for cryptocurrencies, stablecoins, and digital asset service providers. Lawmaker Min…