Yoon Yeo-jun: "Digital Assets are the Core of Innovation... Cannot Leave 'Regulatory Void' Unattended"

Yoon Yeo-jun, the Chief Executive Campaign Manager of the Democratic Party of Korea, stated on the 13th that "the regulatory void (in digital assets) can no longer be left unattended."

Chairman Yoon made this remark at the 'Democratic Party Digital Asset Committee Launch Meeting' held at the National Assembly Members' Office Building in Seoul. He said, "The uncertain regulations and institutional void in the (digital asset sector) have driven innovative companies and investors to seek better environments overseas," adding, "This is not merely a problem of capital outflow but a risk factor that leads to the outflow of technology and talent, weakening the fundamentals of economic growth."

He also emphasized the importance of the digital asset industry. Chairman Yoon stated, "Countries around the world are fiercely competing to gain an edge in the digital finance industry," and "the digital asset industry is at the forefront of this competition." He continued, "(Digital assets) are becoming the core of innovation and an important asset in maintaining economic sovereignty," adding, "Through this presidential election, we must resolve these issues and simultaneously implement market conflict resolution and investor protection."

He also mentioned the intention to enact the Digital Asset Basic Act. Chairman Yoon said, "We need to quickly establish the Digital Asset Basic Act," and "the core goal of the basic law is to restore investor trust and build an innovative ecosystem by establishing a clear and predictable regulatory framework." He further stated, "The government, National Assembly, financial institutions, technology companies, and investors must collaborate to secure global leadership in the digital asset market."