South Korea plans stablecoin rules as opposition pushes crypto tax repeal

CryptoInfo Editorial Team · Published on July 29, 2026 at 03:43 · Updated on July 29, 2026 · 1 min read

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Key Takeaways

→The South Korean government plans to introduce a digital asset bill covering stablecoins and exchanges
→Opposition lawmakers are seeking to repeal a proposed 22% crypto tax due in 2027

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

South Korea's financial regulator, the Financial Services Commission (FSC), is reportedly planning to introduce a government-backed digital asset bill that will cover stablecoins and crypto exchanges.

In a related development, opposition lawmakers in the country are pushing to repeal a proposed 22% crypto tax that is due to come into effect in 2027, according to reporting from CoinTelegraph.

This comes as part of a broader effort to consolidate and clarify the country's crypto regulations, with the government seeking to provide a clearer framework for the industry.

Source: CoinTelegraph ↗