Earlier this 12 months, Korean media reported that lawmakers have been engaged on the Digital Asset Fundamental Act (DABA), which collectively refers to 17 draft bills that largely give attention to investor safety. As of now, none of those payments has handed. “We have been on the best way to make some new crypto laws, particularly after the brand new presidential administration began. However up to now there was nearly no new regulation, solely discussions in Parliament,” mentioned Jongbaek Park, a companion at Bae, Kim and Lee.