Congressman Min Byung-duk: "Digital Asset Regulations Must Balance Investor Protection and Innovation"

Democratic Party Congressman Min Byung-duk emphasized on the 6th during his self-hosted seminar 'Who are Korea's Digital Asset Investors?' that "digital asset regulations must simultaneously promote investor protection and industry innovation."

Congressman Min stated, "Although time has passed since the Digital Asset User Protection Act was implemented, and the Security Token Offering (STO) bill has been prepared, there are still many issues to be resolved. More sophisticated institutional refinement is needed."

In particular, Congressman Min emphasized that regulations should achieve both investor protection and industry innovation simultaneously. He explained, "We must harmoniously combine prudent regulation with innovative approaches to build a safe and trustworthy market," adding that "this could become a new growth engine for the Korean economy."

Furthermore, Congressman Min stated that Korea needs to secure global competitiveness in the digital asset industry. He pointed out, "The United States, Japan, Europe, Singapore, and Switzerland are already ahead in innovation," and that "while Korea is responding to these changes, the pace is too slow. A more proactive response is needed."