The South Korean digital asset innovation law has been postponed again, with ongoing differences between regulators and the industry.

[Coin World] July 15 report, according to reports, the legislative process of South Korea's "Digital Asset Innovation Act" has been delayed again. The bill was originally scheduled to be submitted this month, but was forced to be postponed for 1-2 months due to differences between financial regulators and the industry. The bill aims to establish legal definitions for digital assets and the Korean won stablecoin, and to construct an industry regulatory framework. It is considered a fundamental law in the field of digital assets in South Korea.

Currently, South Korea has only passed the "Virtual Asset User Protection Act" in 2023, which focuses on investor protection, while the fundamental legislation covering the entire industry chain, such as issuance and circulation, has long been lacking. Although President Yoon Suk-yeol stated during his campaign that he supports the development of the digital asset industry, there are still disputes between regulators and the industry over key terms such as the power distribution of stablecoin issuers and Central Bank Digital Currencies (CBDCs).