- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
The draft of the South Korean "Digital Assets Basic Law" will include investor protection measures, but its submission has been postponed until next year due to controversy
BlockBeats News, December 30th, according to Yonhap News Agency, the South Korean government is preparing the "Digital Asset Basic Law" (Virtual Asset Act 2) which will include investor protection measures such as no-fault liability of digital asset operators and bankruptcy risk isolation of stablecoin issuers. The law will require stablecoin issuers to deposit reserve assets with banks or other management institutions, and deposit or trust more than 100% of the issuance balance.
However, due to differences between the Financial Services Commission and South Korean banks on key issues such as the issuer of stablecoins and the regulatory authority, the submission of the government proposal will be delayed until next year. The Financial Services Commission stated that it is currently working to gradually narrow the gap in positions with relevant institutions.
You may also like
The Israeli military is hunting a mole on Polymarket
Q4 $667M Net Loss: Coinbase Earnings Report Foreshadows Challenging 2026 for Crypto Industry?
BlackRock Buying UNI, What's the Catch?
Lost in Hong Kong
Gold Plunges Over 4%, Silver Crashes 11%, Stock Market Plummet Triggers Precious Metals Algorithmic Selling Pressure?
Coinbase and Solana make successive moves, Agent economy to become the next big narrative
Aave DAO Wins, But the Game Is Not Over
Coinbase Earnings Call, Latest Developments in Aave Tokenomics Debate, What's Trending in the Global Crypto Community Today?
ICE, the parent company of the NYSE, Goes All In: Index Futures Contracts and Sentiment Prediction Market Tool
On-Chain Options: The Crossroads of DeFi Miners and Traders
How WEEX and LALIGA Redefine Elite Performance
WEEX x LALIGA partnership: Where trading discipline meets football excellence. Discover how WEEX, official regional partner in Hong Kong & Taiwan, brings crypto and sports fans together through shared values of strategy, control, and long-term performance.
Best Crypto to Buy Now February 10 – XRP, Solana, Dogecoin
Key Takeaways XRP is set to revolutionize cross-border transactions, potentially reaching $5 by the end of Q2 with…
Kyle Samani Criticizes Hyperliquid in Explosive Post-Departure Market Commentary
Key Takeaways: Kyle Samani, former co-founder of Multicoin Capital, publicly criticizes Hyperliquid, labeling it a systemic risk. Samani’s…
Leading AI Claude Forecasts the Price of XRP, Cardano, and Ethereum by the End of 2026
Key Takeaways: XRP’s value is projected to reach $8 by 2026 due to major institutional adoption. Cardano (ADA)…
Bitcoin Price Prediction: Alarming New Research Cautions Millions in BTC at Risk of ‘Quantum Freeze’ – Are You Ready?
Key Takeaways Quantum Threat to Bitcoin: The rise of quantum computing presents a unique security challenge to Bitcoin,…
XRP Price Prediction: Could XRP Ultimately Surpass Bitcoin and Ethereum?
Key Takeaways XRP has maintained a strong position despite a recent 12% drop, suggesting potential for growth. Analyst…
Best Crypto to Buy Now February 6 – XRP, Solana, Bitcoin
Key Takeaways The cryptocurrency market is experiencing pressure due to a technology-sector selloff, affecting digital assets like Bitcoin.…
South Korea Broadens Crypto Market Investigation Following Bithumb’s $44 Billion Bitcoin Error
Key Takeaways South Korea intensifies scrutiny on cryptocurrency exchange operations after Bithumb’s significant Bitcoin transaction error. Regulatory bodies,…
App