South Korea Proposes Digital Asset Regulation
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
South Koreas ruling party introduces the Digital Asset Basic Act, aiming to establish a comprehensive legal framework for digital assets, including issuance, trading, custody, and oversight. The bill focuses on value-linked stablecoins, requiring approvals, refund reserves, and redemption rules for issuers. The proposed legislation also includes licensing and reporting requirements for trading platforms, brokers, custodians, and advisors, as well as rules to prevent manipulation and insider trading. Additionally, a new digital asset committee will be established to coordinate policies and develop national plans. The country is taking steps to combat voice phishing scams by implementing a strict withdrawal delay system for local crypto exchanges.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/568da6e38b1b7abd