South Korea Lawmaker Seeks Urgent Hearing on Digital Asset Regulation

A South Korean lawmaker has called for an expedited public hearing on the country's proposed digital asset basic law, which aims to provide a comprehensive regulatory framework for digital assets.

The call comes as the nation's crypto market remains vulnerable amid rapid global regulatory shifts, with the United States' ongoing efforts to establish a legal framework for stablecoins being cited as a key factor driving the urgency.

Lawmaker Min Byoung-dug emphasized the need to move forward with the digital asset basic law, stating that legislation addressing stablecoins and digital financial innovation should not be postponed any longer.