South Korean Government Faces Criticism Over Digital Asset Legislation Delay

Rep. Kim Sang-hoon has expressed criticism towards the South Korean government for postponing the proposed basic act on digital assets. According to NS3.AI, Kim questioned the government's dedication to revitalizing the digital asset market, suggesting that the delay might be linked to a newly introduced provision concerning major shareholders in cryptocurrency exchanges. The Financial Services Commission had aimed for the legislation to pass within the first quarter of this year, but this timeline now seems uncertain.