Infrastructure-Centric Market Restructuring and Accelerating Stablecoin Legislation

As discussions surrounding spot Bitcoin ETFs intensify alongside parliament’s aggressive drive for KRW stablecoin legislation, the Korean digital asset market is rapidly restructuring into an institution-led ecosystem centered on professional custody infrastructure. BDACS is reinforcing its role as essential financial infrastructure by co-hosting a National Assembly academic conference, establishing institutional custody standards for the upcoming corporate market entry.

Setting Institutional Custody Standards at the National Assembly

• National Assembly Conference and Institutional Infrastructure Blueprint: Following joint government announcements on second-half economic growth strategies and accelerating spot Bitcoin ETF momentum, market expectations are shifting from retail exchanges toward specialized custody infrastructure providers. In response, BDACS is co-hosting an academic conference at the National Assembly Members’ Hall on July 23 focused on corporate market access and digital asset ecosystem safety. CEO Harry Ryoo will deliver a keynote on the strategic role of custody in corporate market integration, emphasizing that bank-grade security and compliance are indispensable prerequisites as corporate access opens up. CEO Ryoo reaffirmed BDACS’s commitment to advancing its compliant infrastructure to establish trusted benchmarks for institutional adoption.

▶ Sources: The Bell | BDACS Newsroom

Regulators and Parliament Unify to Finalize Stablecoin Legislation

• Parliamentary Fast-Tracking for Phase 2 Digital Asset Legislation: Following a congressional delegation visit to the US analyzing the Genius and Clarity Acts, Representative Park Min-gyu emphasized that enacting the Digital Asset Basic Act in H2 is critical to preventing domestic innovators from falling behind. Concurrently, Representative Park Sang-hyuk, executive secretary of the National Policy Committee, confirmed that parliament and regulators agreed to hold subcommittee meetings twice a month to swiftly process the KRW stablecoin framework ahead of US regulatory implementation.
• FSC Policy Director Officializes Accelerated Stablecoin Framework: Yu Young-jun, Director of the FSC’s Digital Financial Policy Bureau, publicly declared for the first time this year that financial authorities will complete the stablecoin-related Phase 2 legislation as quickly as possible. This explicit commitment from the leading regulatory director signals an imminent breakthrough in legalizing KRW stablecoins and facilitating corporate market access.

▶ Sources: Maeil Business Newspaper | News1 | Edaily(1) | Edaily(2)