🇰🇷 New South Korean Bill Aimed at Regulating Stablecoins

❗️ South Korean lawmakers have prepared a new bill — the "Fundamental Law on Digital Assets," which is set to become a cornerstone for South Korea's success in the global digital economy.

➡️ The goal of the legislation is to establish a comprehensive and structured foundation for the local digital asset ecosystem. In particular, the draft law outlines the introduction of a licensing regime for stablecoin issuers and a requirement for issuers to achieve a net worth of over 500 million Korean won ($367,890).

💡 Additionally, the initiative aims to legally define digital assets and their application to service providers. It is proposed to create a Digital Assets Committee, which would be overseen by the president. #TradersLeague