South Korea's Digital Asset Basic Act, aimed at regulating virtual assets, may be delayed this year as the government shifts its focus to the stock market. Despite the National Assembly's Digital Asset Task Force completing the integration of eight related bills, progress has stalled due to changes in parliamentary leadership and the absence of a formed National Policy Committee. Additionally, the government has yet to submit its version of the bill.
Market observers suggest the delay is linked to the recent surge in the Korea Composite Stock Price Index (KOSPI), which has exceeded 9,000 points. This has led to speculation that financial authorities are intentionally slowing the legislative process to prevent capital diversion from the stock market to the virtual asset market.
South Korea's Digital Asset Basic Act Faces Delays Amid Stock Market Focus
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