TechFlow news, July 14, according to reports from "Seoul Economic Daily", the South Korean government announced that it will advance the legislation of the "Digital Asset Basic Act" in the second half of 2026, as part of the economic growth strategy for the second half of the year, to improve the regulatory framework for the digital asset industry and enhance the vitality of the blockchain economy. The bill intends to subdivide digital asset industry categories, establish a regulatory system for business conduct, and provide a legal basis for the institutionalization of stablecoins.
In addition, the South Korean government also proposed multiple supporting plans, including supporting the revision of the "Capital Markets Act" to provide institutional support for the introduction of spot exchange-traded funds (ETF) for digital assets such as Bitcoin; studying the interoperability of Central Bank Digital Currency (CBDC) infrastructure with other blockchain networks; and promoting the formulation of the "National Asset Basic Act" to include virtual assets into the national asset management system.
