South Korea's ruling party has established a Digital Asset Task Force to draft stablecoin and cryptocurrency legislation.

BlockBeats News, September 25th, according to Decrypt, the ruling party of South Korea, the Democratic Party, has established a digital assets working group to draft comprehensive stablecoin and cryptocurrency legislation. The goal of this working group is to promulgate digital asset laws at this year's regular session and the year-end National Assembly session. The country is facing increasing pressure from capital outflows, with $40.6 billion in digital assets transferred abroad in the first quarter of 2025, half of which were stablecoins.