TechFlow news, December 1 — According to Cryptopolitan, South Korea's ruling and opposition parties have reached a breakthrough agreement on a stablecoin regulatory framework, planning to pass the complete "Digital Asset Basic Act" by January 2026.
The bill establishes a "Korean-style stablecoin" consortium structure requiring banks to hold at least 51% equity, while tech companies may participate as minority shareholders. Democratic Party lawmaker Kang Jun-hyeon set December 10 as the deadline for government proposal submission; if financial authorities fail to submit on time, lawmakers will introduce an independent version.
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