South Korea’s FSC finishes draft of digital asset framework bill

South Korea’s Financial Services Commission has completed a draft of the Digital Asset Framework Act, according to a report by Korean media outlet Daum. The regulator said only a small number of items still need coordination, and the legislative process will be pushed forward as quickly as possible once the National Assembly’s agenda for the second half of the year is set. The report also said South Korea is considering adding a legal basis for AI Agent payments to the bill. The move is intended to address a potential shift in which AI could become a主体 for small-value, high-frequency payments in the future. Proposals under discussion would authorize a regulatory framework covering customer identification, or KYC, the allocation of payment liability, foreign exchange reporting for cross-border transactions, and programmable payment standards. The bill remains in draft form, with some issues still under coordination.