According to E Today, Democratic Party of Korea lawmaker Min Byung-duk expressed "deep regret" over the delay in the enactment of the Digital Asset Basic Act at the 'Future of Finance on Blockchain' seminar held at the National Assembly Members' Office Building on the 28th. He added, "I believe we can achieve results this time, as there is a consensus that we should not delay any further." Discussions for the enactment of the basic act include rules for the issuance and distribution of stablecoins. The Financial Services Commission plans to first promote the tokenization of private money market funds (MMF) and corporate bonds exclusively for institutional investors in February next year, and then expand to on-chain payments using stablecoins for transactions.
