Consensus Magazine

|Policy Week 2023

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South Korean Lawmakers Are Gearing Up to Regulate Crypto. What Could That Look Like?

The 300 members of South Korea’s National Assembly are currently considering 17 separate crypto-related proposals, from which they hope to shape the Digital Asset Basic Act.

By Cheyenne Ligon, Doreen Wang

Updated Sep 28, 2023, 2:27 p.m. Published Jan 26, 2023, 6:00 p.m.

SEOUL, SOUTH KOREA - MARCH 10: South Korean President-elect Yoon Suk-yeol of the main opposition People Power Party celebrates with supporters at the party's headquarters on March 10, 2022 in Seoul, South Korea. Main opposition candidate Yoon Suk-yeol was elected South Korea's next president. (Photo by Chung Sung-Jun/Getty Images)