South Korea's ruling party plans to incorporate tokenized RWA and stablecoins into the existing financial regulatory framework

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ME News Report, April 8 (UTC+8), ME News Report, April 8 (UTC+8), The Democratic Party of South Korea plans to incorporate tokenized real-world assets (RWA) and stablecoins into the existing legal framework, with related provisions included in the “Basic Law on Digital Assets” proposal. The proposal requires issuers of tokenized RWAs to deposit the linked assets into trust accounts in accordance with the Capital Markets Act; stablecoins are classified as “means of payment” under the Foreign Exchange Transactions Act, supervised by the foreign exchange authorities, and do not require separate registration. Small-scale stablecoin transactions are exempt from foreign exchange reporting, while large transactions maintain regulatory requirements. Additionally, the proposal prohibits earning yields on idle stablecoin balances and mandates the Financial Services Commission to develop technical standards for stablecoin interoperability. The “Basic Law on Digital Assets” is South Korea’s second set of digital asset regulations, which has faced multiple delays in legislation, with the original 2025 rollout schedule pushed back. (Source: ChainCatcher)

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