Woofun AI reports that South Korea’s Financial Services Commission is visiting the National Assembly Members’ Office Building to brief staff on a proposed digital asset basic law. The commission plans to engage with both ruling and opposition party offices in the coming weeks to ensure legislative understanding before formal debate.

The bill establishes a comprehensive regulatory framework for virtual assets, with specific focus on stablecoins. Issuers will face stricter reserve and transparency requirements, mirroring regulations in the European Union, Japan, and Singapore.