South Korea’s ruling Democratic Party has delivered a “final demand” to financial authorities for a stablecoin regulatory proposal by December 10.
Lawmaker Kang Jun-hyeon declared that missing this deadline would trigger a legislator-led bill to advance through committee.
The party intends to submit the bill during the ongoing regular session of the National Assembly and target its enactment in January.
This development follows a private meeting exploring a consortium-based issuance framework involving key financial institutions.
