South Korean President Lee Jae-myung’s stablecoin bill delayed until 2026 due to concerns about issuers. The bill would allow domestic stablecoin issuance, require assets to be held by authorized custodies. Disagreements over oversight of stablecoin issuers causing delay, Financial Services Commission reviewing proposal. President Lee Jae-myung also advocated for pension fund to invest in digital assets and ETFs tied to Bitcoin.

Terraform Labs co-founder Do Kwon, sentenced to 15 years in US, may serve part of prison time in South Korea. Faces up to 40 years in local prison for role in company’s ecosystem collapse. Kwon’s legal team filing indicates possibility of serving sentence in South Korea due to citizenship.

Read more at Cointelegraph: South Korea Delays Crypto Bill over Stablecoin Concerns: Report