The ruling party in South Korea plans to incorporate tokenized RWA and stablecoins into the existing financial regulatory framework.

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Deep Tide TechFlow message, April 08, according to The Block, the Democratic Party of Korea plans to include tokenized real-world assets (RWA) and stablecoins within the existing legal framework; relevant provisions have been included in the proposed Digital Asset Framework Act.

The proposal requires that issuers of tokenized RWA place the underlying assets into a trust account in accordance with the Capital Markets Act; stablecoins are categorized as a “means of payment” under the Foreign Exchange Transactions Act and are therefore supervised by the foreign exchange authorities, without the need for separate registration. There is an exemption from foreign-exchange reporting for small stablecoin transactions; large transactions continue to face regulatory requirements. In addition, the proposal bans providing returns on idle stablecoin balances and requires the Financial Services Commission to set technical standards for stablecoin interoperability.

The Digital Asset Framework Act is South Korea’s second set of digital-asset regulatory rules. It has repeatedly encountered legislative delays, with the originally planned 2025 rollout timeline pushed back.

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