South Korea’s Draft Crypto Bill Draws a Bright Line: Stablecoins Are Payments, RWAs Are Capital Markets
South Korea’s reported draft Digital Asset Basic Act does more than tighten oversight. It classifies stablecoins by function and forces RWAs into recognizable custody rails, signaling that the next phase of tokenization will be governed by existing financial law, not a parallel crypto regime.
Antenhe Z. Tena··5 min
