New Crypto Law in South Korea: Stablecoin exporters are required to be a license.
The new bill offered in South Korea provides license requirement and minimum capital requirement for stablecoin exporters. While the law supports President Lee's vision of digital assets, the country aims to stand out in global competition.
In South Korea, digital asset regulations are carried one step further. Democratic Party Deputy Min Byeong-Deok, on June 10, 2025 at a press conference “Digital Asset Basic Law” announced the new law proposal to the public. This comprehensive bill offers a new regulatory framework, including the undergraduate regime for Stablecoin exporters.
The law is being built on the Virtual Asset Investor Protection Law, which came into force in July 2024. While the previous law focuses more on investor security, this new proposal aims to provide a more holistic legal ground to the crypto ecosystem.
💸 Bachelor’s and Capital requirement for stablecoins
One of the most striking sections of the bill is that it requires license for Stablecoin exporters. For this license, companies must have at least 500 million Korean won (approximately 368 thousand dollars) self -capital. This arrangement is compatible with the goal of promoting the development of the Korean Won-based stablecoin market, one of the promises of the newly elected President Lee Jae-Myung in the election campaign.
Min was the president of President Lee’s Digital Asset Advisory Board. The new law is seen as the concrete reflection of this political agent.
🌍 A step compatible with global arrangements
Min Byeong-Deok gave examples of regulatory models in the US, EU and Japan in a press release. In these countries, he recalled that crypto assets are comprehensive arrangements for export, circulation and purchase-sale processes and stressed that South Korea should not fall behind in this race.
In the United States, President Donald Trump supported the Genius Act Draft Law on the agenda, while Hong Kong recently implemented the license law for stablecoin exporters. South Korea’s new law proposal coincides with this trend.
🏛 New institutions and legal definitions
The draft aims not only by Stablecoins, but also a wider definition of digital assets. Accordingly, the legal definition of digital assets will be made and special rules will be determined for the service providers where these assets are presented. In addition, it is recommended to establish a digital asset committee affiliated to the presidential authority.
It also envisages sanctions against unjust practices such as law, manipulation, use of information from inside, market fraud.
