South Korea opens second-phase talks on digital asset law with stablecoin rules in focus

South Korea is set to open formal discussions on the second phase of its Digital Asset Basic Act, with stablecoin regulation at the center of the agenda, according to Edaily as cited by ChainCatcher. The forum will be chaired by Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok. It will mark the first stablecoin legislation forum to be hosted and organized by the government. The South Korean government and the ruling Democratic Party plan to push the bill through within this year. The move follows the country’s 2026 economic growth strategy, released on July 14, in which authorities said they would advance Digital Asset Basic Act legislation in the second half of the year. Officials also said the plan includes segmenting the digital asset industry, building a regulatory framework for business conduct, and laying the legal groundwork to standardize oversight of stablecoins.