South Korea
Block Media
Rep. Min Byung-dok Questions Virtual Asset Committee Without Bank of Korea, Criticizes Bank-Led Stablecoin Issuance
- Rep. Min Byung-dok criticized the FSC's Virtual Asset Committee for excluding the Bank of Korea despite the two institutions' disagreement over who should issue won-based stablecoins.
- The criticism was raised during the National Assembly National Policy Committee's audit session on October 22.
- Min also questioned the committee's meeting record and member composition since its launch in November 2024, when it adopted a principle of convening once per quarter.