South Korea2026.10.01Block Media

Min Byung-deok: Digital Asset Basic Act must pass this year, can't wait on government's bill

• Rep. Min Byung-deok (Democratic Party), senior deputy chair of the party's Policy Committee, pledged to pass the Digital Asset Basic Act within 2026 without further waiting for the government's phase-2 bill.
• He plans to hold a public hearing and begin legislative subcommittee discussions immediately after the National Assembly's audit (gukjeong gamsa) concludes.
• He argued won-stablecoin issuance rights should not be restricted to banks alone, but opened to various qualified businesses to broaden market participation.