#KoreaDigitalAssetBasicActFinalDraftExpectedEarlyJanuary Korea's crypto law: what's actually confirmed? 🇰🇷
The hashtag says "final draft in early January," but my cross-check shows a different timeline.
• Government plans to submit the Digital Asset Basic Act in November; the ruling party targets passage by December
• Still open: exchange ownership caps and who may issue won stablecoins
• Government backs delaying the crypto gains tax from Jan 2027 to 2029, with a 3-year loss carryforward. Parliament must still approve
• US GENIUS Act takes effect in January, adding pressure
My take: the bill is not law, and "early January" looks unconfirmed. A tax delay is short-term relief, but stablecoin and exchange-licensing rules will decide who captures KRW liquidity.
Watch: committee review and the tax amendment before Jan 1.
Does regulatory clarity matter more than the tax delay? 👇
$BTC $USDT
$USDC #SouthKorea #CryptoRegulation #Stablecoin