AiCoin
AiCoin|Apr 08, 2026 09:51
[South Korea's Democratic Party Proposes Incorporating Tokenized RWA and Stablecoins into Financial Regulatory Framework] South Korea's Democratic Party plans to incorporate tokenized real-world assets (RWA) and stablecoins into the existing legal framework, with relevant provisions included in the proposed 'Basic Act on Digital Assets.' The proposal requires issuers of tokenized RWA to deposit linked assets into trust accounts in accordance with the 'Capital Markets Act.' Stablecoins are classified as 'means of payment' under the 'Foreign Exchange Transactions Act,' to be regulated by the foreign exchange authority without requiring additional registration. Small-scale stablecoin transactions are exempt from foreign exchange reporting, while large-scale transactions remain subject to regulatory requirements. The proposal prohibits offering yields on idle stablecoin balances and mandates the Financial Services Commission to establish technical standards for stablecoin interoperability. The original timeline for the 'Basic Act on Digital Assets,' initially set for 2025, has been postponed.
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