South Korea Forms Digital Asset Committee to Shape Cryptocurrency Policies

South Korea’s Democratic Party has established a dedicated Digital Asset Committee to develop national cryptocurrency policy and foster growth in the digital asset sector. The committee, part of the party’s election campaign, held its inaugural meeting on May 13 at the National Assembly Members’ Hall in Seoul. It aims to lead the creation of policies regarding digital assets by drafting campaign pledges, proposing legislation, and crafting regulatory frameworks. Initial discussions have centered around the ‘Stage 2 Bill,’ known as the Basic Digital Asset Act.