South Korea's government consultations on the Digital Assets Basic Act are nearing completion, with the dispute over postponing crypto taxes continuing.

According to The Block, Lee Eog-weon, Chairman of the South Korean Financial Services Commission (FSC), stated at a National Assembly hearing that government consultations on the Digital Assets Basic Act have entered the final stage, and the government will push for the bill's prompt enactment. The legislation aims to establish a comprehensive regulatory framework for digital assets, covering licensing systems for cryptocurrency exchanges, stablecoin issuance rules, and related legal definitions.