South Korea finalizes draft of Digital Asset Basic Act; sets ₩5bn stablecoin capital, pairs regulation with pro-crypto measures

first published 2026-01-28T11:23:59Z

FSC Chair Lee Eog-weon said licensed crypto exchanges should be treated like public infrastructure and face ownership limits similar to securities markets. The FSC is reviewing a proposal to cap major shareholders’ stakes at about 15–20% as exchanges move from a three-year notification system to a durable authorization regime. The draft Digital Asset Basic Act also includes a 5 billion won minimum capital requirement for stablecoin issuers. Lawmakers are still negotiating the bill and it must clear committee review and a National Assembly vote. The measures could force restructuring at major exchanges such as Dunamu and Coinone.

AI Analysis

FSC proposal would cap major shareholders’ stakes at ~15–20% and shift exchanges to an authorization regime; text also imposes a 5 billion won minimum capital requirement for stablecoin issuers. These concrete measures could force restructuring at major exchanges (e.g., Dunamu and Coinone) and must still pass committee and National Assembly review.

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