South Korea will accelerate the cryptocurrency legislative process and plans to introduce the "Digital Assets Basic Law" this fall.

BlockBeats News, August 24th, the highest financial regulatory agency in South Korea stated that it will accelerate the discussion on cryptocurrency legislation and plans to introduce the Korean version of the "Digital Assets Basic Law" this fall.

It is reported that the bill is expected to establish regulatory rules in areas such as stablecoin issuance, Virtual Asset Service Providers (VASP) licensing, Bitcoin ETF, etc.