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South Korea's ruling party establishes digital asset working group, drafting stablecoin and cryptocurrency legislation
Summary: According to Decrypt, South Korea's ruling party, the Democratic Party, has established a digital asset working group to draft comprehensive stablecoin and cryptocurrency legislation. The goal of this group is to enact digital asset laws at this year's regular session and the end-of-year National Assembly session. The country is facing increasing pressure from capital outflows, ...
According to Decrypt, South Korea's ruling party, the Democratic Party, has established a digital asset working group to draft comprehensive stablecoin and cryptocurrency legislation. The goal of this group is to enact digital asset laws at this year's regular session and the end-of-year National Assembly session. The country is facing increasing pressure from capital outflows, with $40.6 billion in digital assets transferred overseas in the first quarter of 2025, half of which were stablecoins.
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Link: South Korea's ruling party establishes digital asset working group, drafting stablecoin and cryptocurrency legislation [Copy]
