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The South Korean government has postponed the submission of a basic law on digital assets, including won-pegged stablecoins, until after 2026, as of the 31st, due to disagreements over the oversight system for stablecoin issuers.
The bill, which was promoted as a key campaign promise by President Lee Jae-myung, has reportedly been delayed due to incomplete coordination of roles between financial authorities and the industry.
2. CARF, fully implemented in 2026
The Organisation for Economic Co-operation and Development (OECD)'s Cryptocurrency Asset Reporting Framework (CARF) was finalized on the 31st, requiring exchanges in 48 countries, including the UK and the European Union (EU), to report cryptocurrency users' tax residency information and transaction history starting January 1st.
Accordingly, the regulatory and reporting systems for cryptocurrency exchanges will be significantly strengthened, and individual investors, including those involved in overseas platforms and DeFi transactions, will likely be subject to tax authorities' scrutiny.
3. XRP ETF continues to see inflows amid year-end volatility.
As of the 31st, the US-listed XRP physical exchange-traded fund (ETF) continued to see net inflows for 29 consecutive trading days despite increased market volatility, increasing the cumulative inflow to approximately $1.15 billion (KRW 1.65715 trillion).
Unlike Bitcoin (BTC) and Ethereum (ETH) ETFs that experienced large-scale fund outflows during the same period, the XRP ETF is analyzed to have maintained relatively stable institutional fund inflows based on regulatory clarity and expectations of cross-border payment utilization.
Reporter Jeong Ha-yeon yomwork8824@blockstreet.co.kr
