South Korea FSC says Digital Asset Basic Act talks are in final stages
CIE News ·
Based on reporting by The Block; not yet independently confirmed.
According to The Block, South Korea's FSC confirmed intergovernmental talks on the Digital Asset Basic Act are in their final stages, with the government working to formally introduce the framework as soon as possible.
South Korea's Financial Services Commission Chairman Lee Eog-weon confirmed during a parliamentary hearing on October 22, 2026, that intergovernmental consultations on the Digital Asset Basic Act are in their final stages, according to The Block. The legislation establishes binding licensing regimes for digital asset exchanges, sets regulatory standards for stablecoin issuance, and creates formal token definitions as the government prepares to introduce it as soon as possible. Regarding a crypto tax framework slated for January 1, 2027, Chairman Lee stated that taxation must take various circumstances into full consideration.
Key facts
- Final stages of legislation
- Binding licensing regimes
- Jan 1, 2027 crypto tax slated
Read the original at The Block