South Korean stablecoin bill consultation postponed again

The finalization of a unified government-ruling party bill for South Korea's Digital Asset Basic Act, which covers stablecoins, is expected to be delayed, Edaily reported. A key party-government consultation session will not be held this week due to stock market instability caused by the war in the Middle East. This creates an unavoidable setback for the national agenda to finalize the stablecoin legislation by March. The Digital Asset Basic Act is a comprehensive bill covering the entire virtual asset ecosystem, including issuance, circulation, disclosure, and listings.