Wu Shuo learned that according to Sisa Journal, the ruling Democratic Party of South Korea submitted a draft of the Digital Asset Basic Law on June 10, proposing to significantly lower the minimum capital threshold for stablecoin issuers from the original 5 billion Korean won to 500 million Korean won (approximately 368000 US dollars), in order to promote the entry of fintech and cryptocurrency startups. The bill was initiated by Min Bingde, a member of the Parliamentary Administration Committee and chairman of the Digital Assets Special Committee. Despite positive market reactions, the Bank of Korea remains cautious and warns that improper institutional design may weaken the status of the Korean won as a legal tender, affecting the effectiveness of monetary policy and financial stability. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=43756