Woofun AI reports that the South Korean government has commenced official legislative discussions regarding the "Basic Law on Digital Assets (Phase Two)." The initiative centers on establishing a regulatory framework for stablecoins, marking the first government-hosted forum dedicated to this specific legislation.

Deputy Prime Minister Choi Sang-mok will host the event, signaling a coordinated effort with the ruling Democratic Party to secure the bill's passage within the current year. This action aligns with the economic growth strategy released on July 14, 2026, which mandates advancing digital asset legislation in the second half of the year to segment the industry and define business conduct rules.