South Korea delays talks on Phase 2 crypto law, March target remains

A party-government consultation in South Korea to discuss a second-phase virtual asset bill, known as the Digital Asset Basic Act, has been indefinitely postponed due to escalating tensions in the Middle East, News1 reported. The meeting was initially scheduled for March 5 but was delayed as the conflict led to increased uncertainty in financial markets. While discussions were considered for this week, the worsening war situation prompted another delay. Despite the postponement, the ruling Democratic Party's Digital Asset Task Force stated that its goal to introduce the bill this month remains firm.