Korea plans to launch the Digital Assets Basic Law this autumn

ON AUGUST 24, THE KOREA SUPREME FINANCIAL REGULATORY AUTHORITY INDICATED THAT DISCUSSIONS ON ENCRYPTED CURRENCY LEGISLATION WOULD BE ACCELERATED AND THAT THE LAUNCH OF THE KOREAN VERSION OF THE DIGITAL ASSETS BASIC LAW WAS PLANNED FOR THE FALL. ACCORDING TO THE INFORMATION RECEIVED, THE ACT ENVISAGES THE ESTABLISHMENT OF REGULATORY RULES AROUND THE AREAS OF STABILIZATION CURRENCY ISSUANCE, VASP LICENCES AND BITCOIN ETF。