The highly anticipated 'Digital Asset Innovation Act' proposal from the Democratic Party of Korea has been delayed until September, according to Digital Times. This delay stems from a need for broader consultation with financial authorities and industry stakeholders following last month's briefing session. Concerns raised by these groups necessitate further refinement of the Act. The Digital Asset Innovation Act aims to establish a comprehensive regulatory framework for the digital asset space, defining key terms like "digital assets," "stablecoins," and "digital asset businesses." It also seeks to regulate the issuance, distribution, and governance of digital assets, alongside the business conduct of market participants. This delay highlights the complexities involved in regulating the rapidly evolving digital asset landscape and the importance of ensuring that any new legislation is well-informed and effective. The revised timeline allows for more thorough consideration of industry concerns and could lead to a more robust and sustainable regulatory framework for digital assets in Korea. ```