On April 7, local news media Blockmedia reported that South Korean fintech giant Toss is considering launching its own cryptocurrency on the mainnet of (Layer 1) and may also introduce a (Layer 2) network for scalability. The report cites information from informed sources who claim that Toss has not yet made a decision about launching a Layer 1 or Layer 2 network. It is noted that the decision-making process is hindered by delays in the development of South Korea's "Digital Assets Act," which is a comprehensive set of regulations for cryptocurrencies covering areas such as token issuance, stablecoins, and crypto ETFs.

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