ONE BIG THING: Finalizing the Digital Asset Basic Act and BDACS’s Compliant KRW1
Korean financial authorities are convening the Virtual Asset Committee today, March 4, to finalize the Digital Asset Basic Act. Ahead of this regulatory milestone, BDACS has already established a fully compliant, institution-grade KRW1 stablecoin infrastructure, having successfully completed its technical verification (PoC).
I. KRW1 Stablecoin: Institution-Ready Infrastructure for the New Regulatory Era
Tiger Research’s 2026 Asia Stablecoin Market Overview highlighted BDACS’s KRW1 as a uniquely secure and compliant model in the Korean market.
- Strict Compliance: BDACS has successfully completed the technical verification for the KRW1 stablecoin. Backed by a strict 100% KRW reserve structure, this model ensures absolute alignment with conservative regulatory standards.
- Web3 Integration: Currently integrated with the Plume mainnet, this infrastructure allows global institutions and developers to safely test KRW-based RWA settlements ahead of its commercial launch post-legislation.
▶ Sources: Tiger Research Reports
I. Authorities to Finalize Digital Asset Basic Act with New Market Maker Rules
Financial authorities are holding the Virtual Asset Committee meeting today, March 4, to finalize the highly anticipated legislation.
- Institutional Shift: With the bill’s proposal imminent, the Korean market is positioned to resolve regulatory uncertainties and transition rapidly into an institution-driven ecosystem. Herald Economy
- Market Maker Framework: The upcoming legislation will officially legalize market-making (MM) activities, mirroring traditional stock market systems. By enabling institutional liquidity, authorities aim to reduce price volatility and restructure the broader digital asset landscape into a fully institutional-grade market. Korea Economic Daily
▶ Sources: Herald Economy｜Korea Economic Daily
II. Law Enforcement Accelerates Transition to Professional Custody Following Thefts
Following recent incidents of seized crypto being stolen from the National Tax Service (NTS) and police, law enforcement agencies are rushing to outsource asset management to professional Virtual Asset Service Providers (VASPs).
- Systemic Vulnerabilities: Industry experts highlighted that these critical security breaches were caused by a lack of collaboration with professional custody firms.
- Standardizing Security: In response, the National Police Agency announced a comprehensive overhaul of its evidence management system, mandating secure, third-party professional custody as the new national standard.
▶ Sources: Newsis｜Maeil Business
