Republic of Korea: Digital Asset Transaction Act (Bill No. 2116464)
Progress
Current status
under deliberation
25 Apr 2023 under deliberation
20 Sep 2022 under deliberation
Scope
Implementers
Republic of Korea
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
DLT development
Government Branch
legislature
Government Body
parliament
Implementation Level
national
Timeline of events
Passed the Digital Assets Transaction Act (Bill No. 2116464)
On 25 April 2023, the Digital Assets Transaction Act (Bill No. 2116464) passed the first review by the ROK National Assembly. The proposed Bill aims to define and regulate digital assets, including cryptocurrencies, NFTs, and P2E gaming currencies. …
Event type
law
Action type
passage
Government branch
legislature
Government body
parliament
Introduced the Digital Assets Transaction Act (Bill No. 2116464)
On 20 September 2022, the Digital Assets Transaction Act (Bill No. 2116464) was introduced in the South Korean National Assembly. The proposed Bill aims to define and regulate digital assets, including cryptocurrencies, NFTs, and P2E gaming currenci…
Event type
law
Action type
introduction
Government branch
legislature
Government body
parliament