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South Korea's Financial Services Commission is preparing a government-backed digital asset bill that would set licensing and reserve rules for won-denominated stablecoins and tighten oversight of exchanges, while opposition lawmakers push to repeal the 22% crypto capital gains tax scheduled for 2027. A formal stablecoin framework would open the door for banks and fintechs to issue won-pegged tokens, potentially deepening KRW crypto liquidity on venues like Upbit and Bithumb, while tax repeal would remove a known overhang on Korean retail flows that drive outsized altcoin volumes. Watch the bill's National Assembly timeline and whether the tax repeal wins ruling-party support, since Korean retail participation is a marginal demand driver for BTC and high-beta altcoins like XRP.
As a Policy signal, watch whether it changes price action, volatility, or flows around BTC, ETH.
Original Source: Cointelegraph
This page is market information analysis, not investment advice.
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