2025-12-30 05:23:44

The South Korean government is actively advancing the legislation of the "Digital Asset Basic Act" — this is the second major bill in the virtual asset regulation phase. According to the plan, the new law will strengthen investor rights protection, establish strict damage compensation responsibilities for digital asset operators, and create bankruptcy risk isolation mechanisms for stablecoin issuers. Sounds good, but reality is always a bit complicated. Stablecoin issuers and other related institutions have disagreements with the government on key clauses, leading to repeated delays in submitting the proposal, and the earliest progress is expected next year. The Financial Services Commission is currently closely reviewing the bill, and the industry is awaiting the outcome of this step.

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MondayYoloFridayCry

· 8h ago

Another year of pushing forward, I don't believe you... By next year, it will probably be dead.

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TokenomicsDetective

· 8h ago

Waiting until next year again? This speed is really unacceptable. The stablecoin folks are definitely dragging their feet again. It's the same old story. Regulators say nice things, but the key clauses are a complete disaster. The bankruptcy isolation mechanism sounds new, but it's hard to say how much it can actually protect the retail investors.

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SolidityJester

· 8h ago

It's the same old routine again. Korea is dragging their feet and still can't get it done. The stablecoin issuers are definitely secretly arguing behind the scenes.

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BlockchainFries

· 8h ago

Another year of dragging on, Korea's progress is truly outrageous. --- Stablecoin bankruptcy isolation? Sounds fancy, but it's just the same people arguing. --- Investor protection sounds good on paper, but the key is in the implementation; otherwise, it's all for nothing. --- Next year? Probably still revising the draft, haha. --- Government and institutions fighting, in the end, retail investors pay the price. I've seen this routine before. --- Instead of legislating here, it's better to pay more attention to the risks of exchanges. --- Another delay, another review. When will it truly be implemented? --- Damage compensation system is good, but I'm afraid it will just be empty talk. --- The three main pillars: protection, isolation, accountability. Sounds good, but how many can actually be achieved? --- Korea's efficiency? Don't make me laugh.

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APY_Chaser

· 8h ago

Another delay, another next year? Korea's progress is really impressive. --- The stablecoin isolation mechanism sounds good, but the key is whether the industry can accept it. --- Wait, is the compensation liability system going to be shifted to operators or how will it be divided? --- Next year? We might hit a major issue before next year, haha. --- Bankruptcy risk isolation is the most tangible protection for users. --- How long will the government and industry keep arguing? When will this bill be pushed through? --- The real issue is where exactly the key disagreements are stuck. --- Another bill that promises to be delayed again; I'm numb to it.

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CoffeeNFTrader

· 8h ago

Another year? This bill is taking so long, stablecoins and the government are arguing again.

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