South Korea's Democratic Party plans party-line Digital Asset Basic Act bill in early February 2026

The South Korean Democratic Party's Digital Asset Task Force held a closed-door meeting at the National Assembly Members' Office Building to finalize a party-line bill for the Digital Asset Basic Act, which it aims to submit early next month. The proposed framework focuses on comprehensive rules for digital assets and won-pegged stablecoins, including an integrated approach to regulating non-secured virtual assets and stablecoins. Lawmakers highlighted legislative delays, unresolved disagreements with government bodies and the ruling party, and the need to balance industry growth with financial system stability.