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Stablecoin issuance widened, but talks on Digital Assets Framework Act delayed again

South Korea's Democratic Party digital assets task force and the Financial Services Commission have drafted a compromise to widen the range of stablecoin issuers beyond banks to include fintech firms and allow central and local governments and public institutions to participate. But the Digital Assets Framework Act was excluded from the agenda of a March 19 party-government meeting, pushing back legislative discussion. Authorities remain cautious about corporate participation and investment use of stablecoins.