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Digital Assets Framework Act in final stage, will not fall behind global trends

Financial Services Commission Chairman Lee Eok-won said preparations for the second stage of the Digital Assets Framework Act, including stablecoin institutionalisation, are complete and final consultations are under way. Lawmakers warned South Korea is lagging behind major economies in digital asset rulemaking and cited rising domestic trading in overseas stablecoins. Lee said the framework is largely in place and would be run based on market conditions. He also apologised for losses and market confusion after single-stock leveraged ETF launches.

Crypto

BDACS CSO Kim Tak-jong says won stablecoin should target payment areas previously hard to reach

Digital asset infrastructure company BDACS held a Korea Blockchain Week 2026 side event with Circle, Kyobo Life Insurance and SBI Holdings. Participants from financial institutions and the digital asset industry discussed directions for developing stablecoin-based financial infrastructure. BDACS presented use cases for a won stablecoin and demonstrated an onchain exchange of KRW1 and USDC in a testnet environment using Circle’s StableFX program.

Crypto

Japan FSA approves trade settlement stablecoin pilot with three megabanks

Japan\'s Financial Services Agency has approved a fourth pilot project to use stablecoins for cross-border trade settlements, expanding tests into trade finance. The project will be led by TradeWaltz and involves Mizuho Bank, MUFG Bank and Sumitomo Mitsui Banking Corp, among others. The initial scope covers receivables purchases and settlement between exporters and banks. The pilot begins in September 2026, with a trust-based yen stablecoin expected for commercial use in the fiscal year ending March 2027.