The Government of the Republic of Korea advanced the second stage of legislation of the Basic Law on Digital Assets

ACCORDING TO THE SEOUL ECONOMIC JOURNAL, IN THE ECONOMIC GROWTH STRATEGY 2026, PUBLISHED ON 14 JULY, THE KOREAN GOVERNMENT HAS INDICATED THAT THE SECOND PHASE OF LEGISLATION OF THE DFA WILL BE ADVANCED IN THE SECOND HALF OF THIS YEAR, WITH A BREAKDOWN OF THE TYPE OF BUSINESS IN DIGITAL ASSETS, THE ESTABLISHMENT OF A REGULATORY SYSTEM FOR BUSINESS CONDUCT AND THE PROVISION OF A LEGAL BASIS FOR STABILIZING THE DISTRIBUTION AND CIRCULATION OF CURRENCY. THE GOVERNMENT WILL ALSO DEVELOP A SYSTEM OF CROSS-BORDER STABILIZATION OF CURRENCY TRANSACTIONS, SUPPORT THE REVISION OF THE CAPITAL MARKET ACT TO INTRODUCE SPOT-ON ETFS FOR DIGITAL ASSETS, SUCH AS BTC, AND PLAN TO PILOT THE MONETIZATION OF NATIONAL DEBT LINKED TO KOREAN BANKING INSTITUTIONS WITH CBDC IN 2027。