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South Korea Launches Digital Asset Act to Boost Innovation

6/11/2025

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Summary

South Korea Innovates Digital Assets

South Korea is taking bold steps in the digital asset landscape with the proposed Digital Asset Basic Act, which will create a licensing system for stablecoin issuers. This initiative not only aims to spark innovation but also to establish a stablecoin industry backed by the Korean won. Additionally, eight leading crypto firms are rallying behind the Blockchain Regulatory Certainty Act, which promises to strengthen protections for non-custodial blockchain developers.

Summary

Paraguay Clarifies Currency

Paraguay's government swiftly debunked a misleading claim that Bitcoin had become legal tender, following a hack of President Santiago Peña's X account. The dubious post, referencing a $5 million Bitcoin reserve, sparked skepticism due to its odd phrasing. The nation remains committed to the Guaraní as its official currency, with no intentions of adopting Bitcoin.

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South Korea Innovates Digital Assets

South Korea is taking bold steps in the digital asset landscape with the proposed Digital Asset Basic Act, which will create a licensing system for stablecoin issuers. This initiative not only aims to spark innovation but also to establish a stablecoin industry backed by the Korean won. Additionally, eight leading crypto firms are rallying behind the Blockchain Regulatory Certainty Act, which promises to strengthen protections for non-custodial blockchain developers.

1 / 2