South Korea’s Top Regulator to Accelerate Crypto Legislation, Digital Asset Basic Act in Fall

South Korea's push for a basic act signals a shift from piecemeal enforcement toward a single statutory framework, which matters because the country has been one of the more active retail crypto markets while its rules remained fragmented. A comprehensive law would most directly affect domestic exchanges and token issuers, who have so far navigated overlapping guidance rather than one clear regime. The open question is whether the fall timeline holds and how broadly the act defines digital assets, since scope will determine which parts of the market fall under the new framework.