South Korea to Advance Digital Asset Basic Act Legislation in Second Half of 2026

South Korea’s government said it will push forward legislation for the Digital Asset Basic Act in the second half of 2026 as part of its newly released economic growth strategy for the latter half of 2026. According to Foresight News, the plan was reported by Seoul Economic Daily. The government said the proposed law would further categorize the digital asset industry, establish a regulatory framework for business conduct, and provide a legal foundation for institutionalizing a stablecoin system. In its economic development strategy for the second half of 2026, the government also outlined support for revising the Capital Markets Act to introduce spot exchange-traded funds for digital assets such as Bitcoin. Additional initiatives mentioned include studying interoperability between central bank digital currency infrastructure and other blockchains, and drafting a National Asset Basic Act to bring virtual assets under the scope of national asset management.