According to Democratic Party legislator Min Byung-deok speaking on November 13 at the National Assembly, intensive discussions on South Korea's Digital Asset Framework Act are expected to begin as early as next week. The legislator emphasized that the bill must be completed by January 18, 2027, before the U.S. GENIUS Act on stablecoin regulation takes effect. Min also advocated for behavior-based regulation rather than entry restrictions, proposing that banks, bank consortiums, and non-bank consortiums should all be permitted to issue won-denominated stablecoins to foster competition.

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