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South Korea's Democratic Party Eyes September for Digital Asset Law Proposal

Regulation & Policy

2026-07-16 06:51:59

According to Democratic Party lawmaker Park Min-gyu, South Korea's Digital Asset Basic Law is expected to be submitted for proposal by early September at the earliest. Speaking at a seminar in Seoul on July 15, Park noted that the party's convention scheduled for August 17 and the appointment of a new Policy Committee chairperson by late August would be prerequisites. The party's Digital Asset Task Force is expected to restart operations in September, following which inter-agency consultations will determine the final form of the legislation. The lawmaker acknowledged delays since March due to local elections and emphasized the law's critical importance for South Korea's digital asset ecosystem development, noting that some banks have already invested billions of won in related infrastructure awaiting regulatory clarity.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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