Congressman Min Byung-duk: "Government should take more active role in institutionalizing virtual assets"

Congressman Min Byung-duk argued that Korea needs to accelerate the institutionalization of virtual assets (cryptocurrencies).

At the 'National Assembly Forum for the Enactment of the Digital Asset Basic Law' held at the National Assembly Members' Building on the 5th, Congressman Min said, "I question whether Korea is pursuing the institutionalization of virtual assets at a pace that matches the global market. We need to be more proactive in institutionalizing virtual assets to keep up with global speed."

He pointed out, "Not only the Democratic Party but all political parties are interested in the digital asset market. However, the government is complacent. They seem content to stay within the existing financial market. I believe the government needs to take a more active role."

Regarding corporate account approval, Congressman Min also mentioned, "After allowing corporate accounts, the situation is that stablecoins and ETFs will be considered for approval," emphasizing that "while the direction is correct, it's time to pay attention to the speed and timing of institutionalization as well."