South Korea2026.09.22Block Media

Rep. Min Byung-deok: "Speed Matters for the Digital Asset Basic Act" — Calls for Conduct Regulation Over Entry Regulation

• Rep. Min Byung-deok (Democratic Party of Korea) criticized delays in submitting the government's digital asset bill and said he will proceed with National Assembly discussions independently.
• At a September 22 seminar on the Digital Asset Basic Act, he stressed that swift institutionalization matters more than achieving a "perfect" bill.
• He called for prioritizing won-denominated stablecoin and digital asset industry legislation, favoring conduct-based regulation over entry (licensing) regulation, to counter the spread of foreign stablecoins.