South Korea's Democratic Party to propose Digital Asset Basic Act in September

By: rootdata|2026/07/16 02:32:18

South Korea's ruling Democratic Party plans to introduce the final version of its Digital Asset Basic Act in September. Lawmaker Park Min-gyu indicated that the bill's introduction aligns with the party's internal schedule, which includes a national convention and the formation of a new task force. This announcement was made during a seminar co-hosted by the Digital Asset eXchange Alliance (DAXA) and crypto think tank MRI on July 15. Participants at the seminar emphasized the need for swift legislation of a won-backed stablecoin and the Digital Asset Basic Act, in light of the changing regulatory landscape in the United States.

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