Digital Asset Basic Act
South Korea is currently developing the Digital Asset Basic Act. National Assembly is proposing the Digital Asset Basic Act South Korea is pending approval for the Digital Asset Basic Act, which is expected to be finalized by the end of 2026 Circle Internet Financial, LLC issues USD Coin Circle Internet Financial, LLC does not allow USDC holders to redeem directly under its current terms Circle National Trust provides custody for USD Coin The Digital Asset Basic Act, the licensing framework for spot bitcoin ETF approval, has not yet passed in South Korea.· Entity summary generated by Graphiti
Relation timeline
BY VALID-FROM DATE- South KoreaHAS PENDING LAWDigital Asset Basic Act
The Digital Asset Basic Act, the licensing framework for spot bitcoin ETF approval, has not yet passed in South Korea.
- Circle National TrustPROVIDES CUSTODY FORDigital Asset Basic Act
Circle National Trust provides custody for USD Coin
- Stablecoin SecurityDOES NOT ALLOW REDEMPTIONDigital Asset Basic Act
Circle Internet Financial, LLC does not allow USDC holders to redeem directly under its current terms
- Stablecoin SecurityISSUESDigital Asset Basic Act
Circle Internet Financial, LLC issues USD Coin
- South KoreaDEVELOPSDigital Asset Basic Act
South Korea is currently developing the Digital Asset Basic Act.
- National AssemblyPROPOSEDDigital Asset Basic Act
National Assembly is proposing the Digital Asset Basic Act
- South KoreaPENDING APPROVAL FORDigital Asset Basic Act
South Korea is pending approval for the Digital Asset Basic Act, which is expected to be finalized by the end of 2026
Relations are facts Graphiti extracted from reports, not verbatim quotes. An end date means later reporting showed the relation no longer holds.
Events 5
- South Korea Weighs Fourth Delay of Crypto Tax, With 2029 Start Tied to U.S. Data Sharing1 cited report · 2026-10-26
- Canada proposes direct stablecoin cash-outs for small holders with a 1% fee cap1 cited report · 2026-10-26
- South Korea to amend forex law to regulate stablecoins as payment instruments: report1 cited report · 2026-10-23
- Square Tech and GOAT Network Sign MOU to Advance AI Agent-Powered Stablecoin Payments in South Korea1 cited report · 2026-10-22
- Injective, BDACS plan Korean won stablecoin settlement for tokenized assets1 cited report · 2026-10-21
Source reports 5
- South Korea Weighs Fourth Delay of Crypto Tax, With 2029 Start Tied to U.S. Data SharingBitcoin Magazine · 2026-10-26
- Canada proposes direct stablecoin cash-outs for small holders with a 1% fee capCryptoSlate · 2026-10-26
- South Korea to amend forex law to regulate stablecoins as payment instruments: reportThe Block · 2026-10-23
- Square Tech and GOAT Network Sign MOU to Advance AI Agent-Powered Stablecoin Payments in South KoreaBitcoin Magazine · 2026-10-22
- Injective, BDACS plan Korean won stablecoin settlement for tokenized assetsCointelegraph · 2026-10-21