Deep Tide TechFlow News, April 22, According to Edaily, Kim Hyun-jung, a member of the Digital Asset Task Force of South Korea's Democratic Party, stated that the "Digital Asset Basic Law," which covers stablecoin regulation, is expected to be submitted after the local elections in June, and the review by the relevant bill group may also begin simultaneously. The bill aims to cover the entire ecosystem, including virtual asset issuance, circulation, information disclosure, and listing. Kim Hyun-jung also said that there is not yet full consensus within the party and government on issues such as bank-led consortium and equity regulation of digital asset trading platforms, but with the Bank of Korea Governor Shin Hyun-song sending positive signals about stablecoins, relevant legislation is still expected to be advanced.

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