South Korea plans unified crypto law

• South Korea is preparing a single law to regulate digital assets and repeal several existing tax rules.
• The proposal aims to simplify crypto regulations and give the industry clearer legal guidance.
• Lawmakers also plan to delay or remove some crypto tax measures to support market growth.

South Korea is preparing a consolidated digital asset law to replace several existing cryptocurrency regulations.

The proposed legislation will create a single legal framework for digital assets while reviewing the country's crypto tax rules.

The government also plans to repeal or revise some tax measures as part of broader efforts to support the domestic crypto industry.

The new law is expected to combine rules covering exchanges, stablecoins, investor protection and market oversight.

Officials said the updated framework aims to improve regulatory clarity while helping the country remain competitive in the digital asset sector.

The proposal reflects South Korea's continued effort to modernise its crypto regulations as digital asset adoption grows.