South Korea stablecoin plan could bypass crypto law delay

South Korea should introduce interim stablecoin licensing guidance before lawmakers complete the wider Digital Asset Basic Act. Summary South Korea’s report urges stablecoin licensing guidance before lawmakers complete the Digital Asset Basic Act. Bank majority ownership could coexist with fintech management under a compromise discussed by lawmakers publicly. Ten pending proposals may be combined into one government-backed digital asset bill during 2026 negotiations. According to a policy report published July 29 by Hashed Open Research and the Solana Policy Institute. The report summarises a June 23 symposium attended by lawmakers, lawyers and digital-asset industry representatives. It recommends a phased approach addressing stablecoin issuance, payments and foreign tokens while lawmakers continue negotiating a comprehensive market framework. The recommendations are advisory and do not change current law. South Korea stablecoin rules could arrive in stages The report argues that waiting for the full Digital Asset Basic Act could leave businesses without clear rules for issuing or using won-backed stablecoins. It recommends interim guidance on licensing, permitted activities and pa...