South Korea to fast-track comprehensive digital asset law

Kwon Dae-young, Vice Chairman of South Korea's Financial Services Commission, stated at a digital asset event yesterday that the government would move quickly to enact a comprehensive digital asset law, iNews24 reported. According to the outlet, three potential timelines are being considered: an early scenario in which the bill is passed by the end of this year (October-December); a standard scenario where it is fast-tracked for passage by June-August of next year; and a delayed scenario postponing it until 2028, after the 2027 general election.