Gate News reports that on April 9, according to CoinDesk, South Korea's ruling party proposed the "Basic Law on Digital Assets," aiming to establish a comprehensive legal framework covering issuance, trading, custody, and regulation. The bill designates digital assets linked to fiat currencies or real assets, such as stablecoins, as a special category, requiring issuers to obtain licenses and meet capital, reserve, and redemption requirements. Additionally, the bill plans to introduce licensing and information disclosure systems, explicitly prohibit market manipulation and insider trading, and establish a Digital Asset Committee to oversee regulation.