According to Daily Economic News, South Korea's Democratic Party has finalized the name of the virtual asset market bill as the 'Basic Act on Digital Assets,' with plans to submit it for review before Lunar New Year. The statutory capital requirement for stablecoin issuers is set at a minimum of 5 billion KRW. A new 'Virtual Asset Committee' will be established, chaired by the Financial Services Commission chairman, with members including the Deputy Governor of the Bank of Korea and the Vice Minister of the Ministry of Economy and Finance. A mechanism for rapid response to hacking attacks and system failures will also be set up. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=55818