The Democratic Party of Korea will actively formulate a stablecoin policy

According to Yonhap News Agency Infomax, the Democratic Party of Korea (DPK) plans to increase efforts in formulating cryptocurrency policies, particularly policies around stablecoins, to encourage healthy market development and protect users. The party believes that stablecoins are key to maintaining national currency sovereignty and promoting innovation, and emphasizes the need to establish a legal framework that is synchronized with global trends. On May 27th, at a policy forum held at Upbit headquarters, Ahn Do geol, Senior Vice Chairman of the Economic Growth Committee of the Democratic Party of Korea, Lee Sirgoo, CEO of Dunamu, Lee Jae won, CEO of Bithumb, and Kim Jae jin, Executive Vice Chairman of the Digital Asset Exchange Association of Korea (DAXA), expressed this position.