South Korea's Digital Asset Basic Act Faces Delays

South Korea's Digital Asset Basic Act, which encompasses regulations for stablecoins, is facing delays and is unlikely to be passed in the first half of this year. According to NS3.AI, the ruling Democratic Party has not included the bill in the agenda for the National Policy Committee subcommittee meetings scheduled for March 31 or in the upcoming session next month. Additionally, Kang Jun-hyeon noted that no dates have been established for meetings of the digital asset task force or consultations between the party and the government.