"South Korea's crypto rulebook nears completion"Oct 22, 2026
Thursday, 22 October 2026 · 1 min read · Listen to the episode ↗
South Korea’s digital asset basic act is nearing completion, Lee Yeong-Wi-Yoon told a parliamentary hearing, with proposed rules covering exchange licensing, stablecoin issuance and legal definitions for digital assets. Taxation remains the main point of contention, as the crypto tax is scheduled to take effect on January 1, 2027, after prior delays.
Lee Yeong-Wi-Yoon told a parliamentary hearing on Thursday that talks on South Korea’s digital asset basic act were nearing completion, according to Bloomingbit. The proposed bill would establish licensing requirements for exchanges, rules for stablecoin issuance, and clear legal definitions for digital assets.
Taxation remains the larger point of contention in South Korea’s crypto rulebook. The country’s crypto tax is scheduled to take effect on January 1, 2027, after having already been delayed.
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