[Featured Stock] Danal, Government Enacts Basic Digital Asset Act... Highlighted as the Only Domestic Payment Service Provider Increased

[Asia Economy Reporter Jang Hyowon] Danal is showing strong performance following news that the government will establish a basic law to incorporate virtual assets into the regulatory framework. Danal operates the virtual asset payment platform Paycoin through its subsidiary Danal Fintech.

As of 10:46 AM on the 26th, Danal is trading at 9,320 KRW, up 400 KRW (4.48%) from the previous trading day.

The recently released ‘National Task Implementation Plan’ by the Presidential Transition Committee includes plans to create conditions for allowing domestic coin issuance (ICO). This has been transferred to the National Task Secretariat and is expected to be implemented over the next five years.

The government plans to improve the system related to the issuance and distribution of security-type coins next year, and for non-security-type coins, it will establish a regulatory framework including issuance, listing, and prevention of unfair trading through discussions on bills currently pending in the National Assembly.

Currently, Paycoin is known to be the only domestic virtual asset operator equipped with payment services.

Paycoin is a non-security-type coin based on payment services. Recently, Danal’s subsidiary Pay Protocol received approval for virtual asset operator registration from the Financial Intelligence Unit under the Financial Services Commission, successfully entering the regulatory system.

Meanwhile, Danal is scheduled to be newly included in the KOSDAQ 150 starting from the 10th of next month.