South Korea’s FSC Finalizing Digital Asset Basic Act Ahead of 2027 Crypto Tax
Key Highlights: Financial Services Commission (FSC) Chairman Lee Eog-weon confirmed the comprehensive Digital Asset Basic Act is nearing completion and will soon be introduced to South Korea’s National Assembly. The upcoming legislation establishes licensing requirements for crypto exchanges, standardizes stablecoin operations, and creates clear statutory legal definitions for digital assets. Concurrently, South Korea’s planned January ...