Han Min-soo: “Delay in bringing stablecoins into the regulatory framework… we need to build a legal foundation”

Han Min-soo, a lawmaker of the Democratic Party of Korea, said on the 16th that “it is time for the National Assembly to establish an institutional foundation for digital assets.”

Rep. Han made the remarks while attending a forum titled “A turning point for innovation opened by institutionalizing digital assets,” held at the National Assembly Members’ Office Building in Seoul, noting that “through its recently released 2026 economic growth strategy, the government set out a direction to view digital assets as a new growth engine.”

He stressed the need to accelerate enactment of the Framework Act on Digital Assets. “The digital-asset market has been a venue for financial innovation, while also an area where regulatory gaps and risks of investor harm coexist,” he said, adding that “stablecoins in particular have seen ongoing debate over issuers and other issues, which has delayed their incorporation into the regulatory system.”

He also mentioned differences in positions between the Democratic Party and financial regulators over key issues surrounding the framework act, including who can issue stablecoins. “Since joining the Democratic Party’s Digital Asset Task Force (TF), I have held extensive discussions with regulators on the key issues,” he said. “In the process of introducing something new and getting it to take root, differences in stance (among the authorities) have come into sharp relief.” He added, “If we fall behind in the era of artificial intelligence (AI), an entire generation falls behind,” and said, “To ensure South Korea does not lag behind, the National Assembly, academia, and industry must all take the lead.”