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South Korea's Democratic Party readies sweeping digital asset legislation

By Jenny Lee ( May 20, 2025, 04:42 GMT | Insight) -- South Korea's Democratic Party of Korea is accelerating efforts to introduce a comprehensive framework law on digital assets — a long-anticipated follow-up to last year’s Virtual Asset User Protection Act. The legislation, tentatively named the Digital Assets Basic Act, represents the second phase of virtual asset legislation and aims to establish foundational rules for the country’s fast-growing digital asset industry.South Korea's Democratic Party of Korea is accelerating efforts to introduce a comprehensive framework law on digital assets — a long-anticipated follow-up to last year’s Virtual Asset User Protection Act....

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