Democratic Party: "Korea Falls Behind in the Virtual Asset Leader Group...A Painful Situation"

Lee Kang-il, a member of the Democratic Party of Korea, stated on the 15th that "(the institutionalization of virtual assets) can be pursued more swiftly than before in connection with the presidential election."

Lee attended the 'National Assembly Forum for the Establishment of the Digital Asset Basic Law' held at the National Assembly Members' Office in Seoul and said, "The social interest and maturity regarding (virtual assets) have significantly increased."

Lee emphasized the will to institutionalize virtual assets. He said, "Unexpectedly, the presidential election has been brought forward considerably," and "We will look into whether there are parts that can be swiftly advanced at the level of the Democratic Party's Political Affairs Committee."

He also mentioned the pace of development in Korea's virtual asset industry. Lee said, "Since Korea is not a global (virtual asset) leading country, it is in a situation where it cannot proactively ease regulations," and added, "I think it's a painful situation." He continued, "I feel regretful that Korea, which was once in the spotlight as a (virtual asset) leader group worldwide, seems to be falling behind in ranking," and added, "We will do our best to meet the expectations of the industry."