According to Mars Finance, as per market news, Kim Jae-seop, a member of the National Power Party of Korea, has proposed the “Digital Asset Market Integration Bill” as a representative. This bill is the third industry law submitted to the National Assembly and is the first virtual asset industry bill proposed by Korea's largest opposition party. The contents of the bill include: defining the concept of digital assets, implementing a business licensing/registration system, regulating governance structures and internal controls, protecting user assets, supervising unfair trading, stipulating the issuance and redemption obligations of stablecoins, special provisions for digital asset derivation, and establishing a professional brokerage business system.
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