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The ruling party of South Korea has established a digital asset task force to draft legislation on stablecoins and Crypto Assets.
According to Mars Finance news on September 25, as reported by Decrypt, South Korea's ruling Democratic Party has established a digital asset working group to draft comprehensive stablecoin and Crypto Assets legislation. The goal of this working group is to enact digital asset laws during this year's regular session and the National Assembly session at the end of the year. The country is facing increasing pressure from capital flight, with $40.6 billion in digital assets transferred abroad in the first quarter of 2025, half of which are stablecoins.