# South Korean Lawmaker Urges Crypto Bill Passage by Jan. 9 By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/regulation/56613 Published: 2026-11-13T12:08:07.000Z Updated: 2026-11-13T12:08:07.000Z Section: Regulation > 민병덕 tied his proposed Jan. 9, 2027, target to a U.S. stablecoin regime scheduled to take effect Jan. 18. South Korean lawmaker 민병덕 urged passage of the 디지털자산기본법 by Jan. 9, 2027, ahead of a U.S. stablecoin regime scheduled to take effect Jan. 18, 2027. At a discussion on Nov. 13, 민병덕 said South Korea should complete the bill by his proposed Jan. 9 target. He linked the schedule to the U.S. regime’s start nine days later. 민병덕 opposed restricting won stablecoin issuance to consortia in which banks hold more than half of the ownership. He argued that issuers should qualify if they maintain 100% reserves and offer immediate redemption. His other proposals included creating a digital asset committee under the president, delaying crypto taxation to 2029 and allowing a three-year loss carryforward. South Korea’s crypto tax remains scheduled to begin in 2027. A [separate bill to move the start date to Jan. 1, 2029](), introduced by Kim Sang-hoon and 11 others, was referred to committee Aug. 31 and remains pending. South Korea adopted its crypto tax framework in 2020, initially aiming for a 2022 start. The start was later pushed to 2023, 2025 and 2027. ## Links in this article - [separate bill to move the start date to Jan. 1, 2029](https://www.tokenpost.com/news/regulation/38268)