South Korea accelerates Digital Asset Basic Act, targeting fall introduction with rules for stablecoin issuance, VASP licensing and Bitcoin ETFs
𝕏/@TheBlockCo •
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Promote with Leviathan NewsKRW stables are likely to launch as KYC-heavy payment rails before becoming composable DeFi collateral; the FSC’s [March draft discussion](https://www.fsc.go.kr/po010101/86373?srchCtgry=1) centered on bank-led issuers with 50%+1 ownership and no-fault exchange liability. The spot BTC ETF is the cleaner liquidity catalyst because Korea’s [August 11 AML rules](https://www.fsc.go.kr/eng/pr010101/87500) require reports for overseas VASP or private-wallet transfers of at least KRW10 million.
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