Editor's PiCK

Deputy Prime Minister and Financial Services Commission to hold closed-door meeting tomorrow…discussing stablecoins, etc.

Uk Jin

Summary

  • Deputy Prime Minister Koo Yoon-cheol and Financial Services Commission Chairman Lee Eok-yeon reportedly will hold a closed-door meeting to discuss stablecoins and other issues.
  • They said that next year's budget and the second-phase virtual asset bill are expected to be the main topics of discussion at the meeting.
  • The industry said it is paying attention to the impact this discussion may have on the virtual asset market.
Koo Yoon-cheol, Deputy Prime Minister and Minister of Economy and Finance / Photo = Reporter Lee Sol
Koo Yoon-cheol, Deputy Prime Minister and Minister of Economy and Finance / Photo = Reporter Lee Sol

Deputy Prime Minister and Minister of Economy and Finance Koo Yoon-cheol will hold a closed-door meeting with Financial Services Commission Chairman Lee Eok-yeon to discuss stablecoins (virtual assets whose value is linked to fiat currency) and other issues.

On the 3rd (Korea Standard Time), according to the industry, Deputy Prime Minister Koo and Chairman Lee will hold a closed-door meeting on the 4th. The meeting is a ministerial meeting held by Deputy Prime Minister Koo to hear opinions on ministry issues.

At this meeting, next year's budget, stablecoins, and the second-phase virtual asset (cryptocurrency) bill are expected to be the main topics of discussion.

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Uk Jin

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