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South Korea's Democratic Party Pledges Stablecoin Regulatory Framework in Local Election Platform

GateNews

Regulation & Policy

2026-05-26 03:12:14

On May 26, South Korea's Democratic Party unveiled its policy platform for local elections, which includes a commitment to rapidly establish a regulatory framework for stablecoin issuance, distribution, and user protection. The platform, released as part of the party's youth support and national asset-building initiatives, proposes positioning South Korea as a digital asset hub. Key commitments include drafting a Digital Asset Basic Law, implementing phased regulations for digital asset products such as spot ETFs and smart contract-based token securities, and strengthening blockchain industry competitiveness through private-led pilot projects and simplified regulatory environments.

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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