South Korea's fintech giant Toss plans to launch a native cryptocurrency

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Golden Finance reports that on April 7, according to local news outlet Blockmedia, the Korean fintech giant Toss is considering launching a native cryptocurrency on the Layer 1 mainnet and may also roll out a Layer 2 network to achieve scalability.
The report quotes insiders as saying that Toss has not yet decided whether to launch a Layer 1 network or a Layer 2 network. It is understood that the reason its decision-making process has been held up is due to the delay of the《Digital Asset Framework Act》currently being drafted in Korea. The bill is a comprehensive rulebook for cryptocurrencies, covering areas such as token issuance, stablecoins, and crypto ETFs.

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