Assemblyman Kang Jun-hyun "Power Concentrated in Coin Exchanges...Abnormal Structure"

Assemblyman Kang Jun-hyun of the Democratic Party of Korea stated on the 24th that "(the virtual asset industry) is formed in an abnormal structure."

Assemblyman Kang attended the 'National Assembly Forum for the Enactment of the Digital Asset Basic Act' held at the National Assembly Members' Office on this day and said, "In Korea, individual investment in (virtual assets) is currently limited, and a lot of power is concentrated in exchanges," adding that "(the virtual asset industry) is formed in an abnormal structure." Assemblyman Min said, "In advanced countries, the ecosystem of the (virtual asset) industry, including stablecoins, is already being activated," and "I hope the (virtual asset) market will be operated more stably by enhancing transparency and fairness."

There was also a point raised about concerns over conflicts of interest in virtual asset exchanges. Assemblyman Kang Hoon-sik of the Democratic Party said at the forum, "Digital asset exchanges integrate the functions of various institutions such as securities companies, the Korea Exchange, and the Korea Securities Depository into one place," and "there is a situation where the National Assembly cannot neglect monitoring due to potential conflicts of interest." Assemblyman Kang added, "In overseas regions like the United States or the European Union (EU), various bills are already being proposed, such as mandating the separation of customer assets," and "since many people, especially among the younger generation, consider virtual assets as future food sources, we will seek ways to enhance vitality while being cautious with the law."