Talks Resume on the Digital Asset Basic Act… Ruling-Party–Government Meeting Set for the 5th

The ruling and opposition parties, together with the government, are restarting discussions to enact the Digital Asset Basic Act. A ruling-party–government consultative meeting related to the bill is scheduled to be held on the 5th.

According to political circles on the 3rd, the ruling party and the government will hold a consultative meeting on the 5th, with the agenda centered on the Digital Asset Basic Act, which corresponds to the second phase of legislation on virtual assets (digital assets). This will be the first such ruling-party–government meeting focused on the bill in about three months, since December 1 last year.

A source from Rep. Han Jeong-ae’s office told Bloomingbit that “we decided to proceed with a ruling-party–government consultative meeting on the morning of the 5th.”

Some lawmakers affiliated with the Democratic Party of Korea’s task force (TF) are also expected to attend the meeting.

Earlier, the Democratic Party of Korea’s Digital Assets TF held an internal meeting the same day to coordinate key issues in the bill. On the 4th, the Financial Services Commission is expected to convene its first Virtual Asset Committee since the launch of the new government to discuss related pending issues.