<ul><li>South Korea introduces the Digital Asset Basic Act to promote crypto innovation and boost trust in blockchain markets.</li><li>The proposed law includes a licensing system for stablecoin issuers, with a minimum capital requirement of 500 million won.</li><li>President Lee Jae-myung's goal is to establish a Korean won-backed stablecoin industry to prevent capital outflows.</li><li>The new bill builds on existing investor protection laws and aims to provide comprehensive regulations for digital asset operations.</li></ul>

South Korea Proposes Stablecoin Licensing Under New Crypto Law

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