Ahn Dogeol Holds Legislative Briefing on Value-Stable Digital Assets Act

"First Step Toward the Institutionalization of Stablecoins"
"Contributing to the Internationalization of the Korean Won and the Competitiveness of K-Culture"

Ahn Dogeol, a member of the Democratic Party, held a legislative briefing on the "Act on the Issuance and Distribution of Value-Stable Digital Assets" on the 30th at the National Assembly Members' Office Building. Photo by Ahn Dogeol's office

Democratic Party lawmaker Ahn Dogeol (Gwangju Dongnam-eul) held a legislative briefing session on the "Act on the Issuance and Distribution of Value-Stable Digital Assets" at the National Assembly Members' Office Building on July 30.

This briefing session was organized to share the key contents and legislative background of the bill, which Representative Ahn officially proposed on July 28, and to exchange opinions with relevant experts.

The main points of the bill include requirements for issuers, protection of user rights, obligations of virtual asset service providers, and anti-money laundering regulations. The briefing was attended by experts from academia and research institutes, including Professor Shin Sanghun of Yonsei University, Professor Moon Cheolwoo of Sungkyunkwan University, and Professor Choi Seungpil of Hankuk University of Foreign Studies.

In his opening remarks, Representative Ahn stated, "Stablecoins are rapidly emerging as a fast and convenient means of payment and settlement. Institutional measures are needed to protect users and ensure the stability of the financial market." He emphasized, "This bill reflects the voices from the field after in-depth discussions with working-level officials from currency, foreign exchange, and financial authorities."

Representative Ahn predicted, "This bill is a starting point for the institutionalization of stablecoins. If we link stablecoins with globally competitive industries such as K-culture and K-food, we can create even greater synergy. In the long term, it will also contribute to the internationalization of the Korean won."