Democratic Party conveys key issues on Digital Asset Act to policy committee, saying "no party line decision yet"

Rep. Ahn Do-geol of the Democratic Party of Korea took a cautious stance on discussions over the Framework Act on Digital Assets, saying “nothing has been finalized as the party’s official position yet.”

On the 29th, the party’s Digital Assets Task Force (TF) compiled major contentious issues and reported them to the policy committee. A more concrete outline of the bill is expected to emerge as early as early next month.

After completing the TF’s policy briefing at the National Assembly, Ahn told reporters, “We must not allow innovative industries to be stifled, but stability of the financial system is also a value we cannot give up.” He added, “How to harmoniously incorporate these two core elements into the制度 will be the key to this legislation.”

The policy committee briefing is said to have included sensitive issues discussed at the TF’s closed-door meeting the previous day. It was reported that the discussions focused on rules limiting controlling shareholders’ stakes in virtual-asset exchanges—an issue drawing strong industry interest—and on a won-denominated stablecoin issuance structure in the form of a consortium in which banks hold a majority stake (50%+1 share).

As for the legislative timeline, he signaled additional internal coordination. Ahn explained, “Even after the policy committee briefing, further political consultations with the floor leadership are needed,” adding that “after going through the relevant procedures, it could be finalized in bill form as early as around early February.”