Republic of Korea: Bill on fostering digital asset industry and user protection (Bill No. 2111771)
Progress
Current status
under deliberation
25 Apr 2023 under deliberation
16 Sep 2022 under deliberation
Scope
Implementers
Republic of Korea
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
DLT development
Government Branch
legislature
Government Body
parliament
Implementation Level
national
Timeline of events
Passed Bill on fostering digital asset industry and protecting users (Bill No. 2111771)
On 25 April 2023, a proposed Bill on fostering the digital asset industry and protecting users (Bill No. 2111771) to regulate digital assets in South Korea passed the first review by the ROK National Assembly. The proposed Bill defines digital asse…
Event type
law
Action type
passage
Government branch
legislature
Government body
parliament
Introduced Bill on fostering digital asset industry and protecting users (Bill No. 2111771)
On 16 September 2021, Bill on fostering the digital asset industry and protecting users (Bill No. 2111771) to regulate digital assets in South Korea was introduced in the Republic of Korea National Assembly.The proposed Bill defines digital assets …
Event type
law
Action type
introduction
Government branch
legislature
Government body
parliament