"DPK Digital Assets TF to Finalize Framework Bill on the 24th…Stablecoin Rules, Exchange Ownership Stakes in Focus"

The Democratic Party of Korea’s (DPK) Digital Assets Task Force (TF) is expected to make a final decision on a basic framework bill for digital assets on the 24th, according to reports.

According to the industry on the 15th, the DPK Digital Assets TF plans to finalize its own bill—reflecting the views of its lawmakers—after conducting a final review with private-sector advisers. With disagreements between the ruling party and the government continuing over stablecoin issuance requirements and limits on controlling shareholders’ stakes in crypto exchanges, attention is turning to whether legislative discussions at the National Assembly will gain momentum.

Key sticking points are who would be allowed to issue stablecoins and caps on controlling shareholders’ stakes in exchanges. The government is said to be reviewing a plan to allow stablecoin issuance only by a consortium in which banks hold at least '50%+1 share' of the equity. There are also differences over a proposal to cap an exchange’s largest shareholder stake at 15–20%.

Meanwhile, the DPK Digital Assets TF plans to continue related discussions after finalizing the bill on the 24th.