Woofun AI reports that the South Korean government outlined plans in its "Economic Growth Strategy for the Second Half of 2026" to enact the "Digital Asset Basic Act" later this year. The legislation aims to categorize the digital asset industry, create a regulatory framework for business activities, and establish a legal basis for stablecoin institutionalization.

The strategy also includes supporting revisions to the "Capital Market Act" to introduce spot ETFs for digital assets such as Bitcoin, studying CBDC interoperability with other blockchains, and drafting a "National Asset Basic Act" to incorporate virtual assets into national asset management.