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Democratic Party of Korea establishes Digital Asset Special Committee… Full-scale discussion on stablecoins begins

Minseung Kang

Summary

  • The Democratic Party of Korea announced the establishment of a Digital Asset Special Committee.
  • It was reported that with the launch of the committee, discussions on currently proposed digital asset-related bills and stablecoins are expected to intensify.
  • It was stated that with President Lee Jae-myung having pledged the institutionalization of won-based stablecoins, investor interest is expected to increase.

The Democratic Party of Korea has established a Digital Asset Special Committee as an ad hoc body within the party.

According to the industry on the 22nd, Park Soo-hyun, senior spokesperson for the Democratic Party, announced to reporters after the Supreme Council meeting at the National Assembly this morning that the party decided to create the special committee following discussions among the leadership.

With the formation of the committee, it is expected that discussions will accelerate around digital asset-related bills currently submitted and stablecoins.

Previously, President Lee Jae-myung made the institutionalization of won-based stablecoins a campaign pledge during the presidential election, and related discussions are actively continuing within the political sphere.

Minseung Kang

Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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