South Korea Pushes Digital Asset Basic Law Submission to 2026 Amid Stablecoin Disputes

On December 30, South Korea postponed submitting its Digital Asset Basic Law to 2026 because of disagreements between the Financial Services Commission and major banks over stablecoin oversight. The draft law targets investor protection and requires stablecoin issuers to hold more than 100% of issuance in reserves, but the delay has introduced uncertainty for the country's digital asset market.